JPMorgan Chase & Co. Cuts Dowlais Group (LON:DWL) Price Target to GBX 100

Dowlais Group (LON:DWL) had its price target decreased by JPMorgan Chase & Co. from GBX 104 ($1.31) to GBX 100 ($1.26) in a report published on Friday morning, LSE.Co.UK reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Royal Bank of Canada reaffirmed an outperform rating and set a GBX 150 ($1.88) price target on shares of Dowlais Group in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of GBX 156.67 ($1.97).

Dowlais Group Price Performance

Shares of LON:DWL opened at GBX 80.25 ($1.01) on Friday. The company’s 50-day moving average price is GBX 82.58 and its two-hundred day moving average price is GBX 92.50. Dowlais Group has a one year low of GBX 74.45 ($0.94) and a one year high of GBX 148 ($1.86). The stock has a market capitalization of £1.11 billion and a PE ratio of -222.92.

Dowlais Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 18th will be issued a GBX 2.80 ($0.04) dividend. This is an increase from Dowlais Group’s previous dividend of $1.40. This represents a dividend yield of 3.11%. The ex-dividend date is Thursday, April 18th. Dowlais Group’s payout ratio is currently -1,111.11%.

Insider Transactions at Dowlais Group

In related news, insider Shali Vasudeva purchased 24,215 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of GBX 82 ($1.03) per share, with a total value of £19,856.30 ($24,941.97). In other news, insider Shali Vasudeva acquired 24,215 shares of the stock in a transaction on Monday, April 15th. The shares were purchased at an average price of GBX 82 ($1.03) per share, for a total transaction of £19,856.30 ($24,941.97). Also, insider Roberto Fioroni bought 167,179 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of GBX 81 ($1.02) per share, with a total value of £135,414.99 ($170,097.97). 1.71% of the stock is currently owned by corporate 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.