Dowlais Group (LON:DWL) Upgraded to Neutral by Citigroup

Citigroup upgraded shares of Dowlais Group (LON:DWL) to a neutral rating in a research note released on Thursday morning, LSE.Co.UK reports. They currently have GBX 58 ($0.75) target price on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Dowlais Group from GBX 100 ($1.30) to GBX 90 ($1.17) and set a “neutral” rating for the company in a research report on Monday, July 1st. Jefferies Financial Group dropped their target price on shares of Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating for the company in a report on Friday, July 12th.

Dowlais Group Trading Down 2.4 %

Shares of LON DWL opened at GBX 53.65 ($0.70) on Thursday. Dowlais Group has a twelve month low of GBX 49.44 ($0.64) and a twelve month high of GBX 109.95 ($1.43). The stock has a fifty day simple moving average of GBX 59.14 and a 200-day simple moving average of GBX 67.97. The stock has a market capitalization of £729.64 million and a PE ratio of -148.11.

Dowlais Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 29th were issued a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group’s dividend payout ratio (DPR) is presently -1,081.08%.

Insider Transactions at Dowlais Group

In other Dowlais Group news, insider Roberto Fioroni bought 83,925 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). Insiders own 1.78% of the company’s stock.

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.