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

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

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

Dowlais Group Trading Down 2.3 %

Shares of DWL stock opened at GBX 80.25 ($1.01) on Friday. The company has a market capitalization of £1.11 billion and a price-to-earnings ratio of -222.92. Dowlais Group has a 1-year low of GBX 74.45 ($0.94) and a 1-year high of GBX 148 ($1.86). The stock’s fifty day simple moving average is GBX 82.69 and its 200-day simple moving average is GBX 92.69.

Dowlais Group Increases Dividend

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

Insiders Place Their Bets

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