Dowlais Group (LON:DWL) Raised to “Neutral” at Citigroup

Citigroup upgraded shares of Dowlais Group (LON:DWL) to a neutral rating in a report released on Thursday, Marketbeat.com reports. They currently have GBX 58 ($0.75) price target on the stock.

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

Dowlais Group Price Performance

Shares of LON:DWL opened at GBX 53.05 ($0.69) on Thursday. The company has a market cap of £721.48 million and a price-to-earnings ratio of -143.38. Dowlais Group has a one year low of GBX 49.44 ($0.64) and a one year high of GBX 109.95 ($1.43). The firm has a fifty day moving average price of GBX 58.73 and a two-hundred day moving average price of GBX 67.72.

Dowlais Group Cuts Dividend

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

Insiders Place Their Bets

In other 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 bought at an average price of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,289.47). Corporate insiders own 1.78% of the company’s stock.

Dowlais Group Company Profile

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.