Dowlais Group plc (LON:DWL – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 49.61 ($0.65) and last traded at GBX 50.55 ($0.66), with a volume of 16579701 shares trading hands. The stock had previously closed at GBX 50.65 ($0.66).
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on DWL. Jefferies Financial Group decreased their price target on Dowlais Group from GBX 135 ($1.76) to GBX 110 ($1.44) and set a “buy” rating for the company in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their price target on Dowlais Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “neutral” rating for the company in a research note on Monday, July 1st.
View Our Latest Analysis on Dowlais Group
Dowlais Group Stock Up 1.1 %
Dowlais Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were paid a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group’s dividend payout ratio is currently -1,081.08%.
Insider Buying and Selling
In other news, insider Roberto Fioroni purchased 83,925 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,658.85). 1.78% of the stock is currently owned by insiders.
About Dowlais Group
Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.
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