Dowlais Group plc (LON:DWL - Get Free Report) insider Shali Vasudeva purchased 24,215 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average cost of GBX 82 ($1.02) per share, for a total transaction of £19,856.30 ($24,718.41).
Dowlais Group Stock Down 1.0 %
Shares of DWL opened at GBX 80.65 ($1.00) on Tuesday. Dowlais Group plc has a 52-week low of GBX 74.45 ($0.93) and a 52-week high of GBX 148 ($1.84). The firm's fifty day moving average is GBX 84.47 and its two-hundred day moving average is GBX 94.44. The stock has a market cap of £1.12 billion and a PE ratio of -224.03.
Dowlais Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be issued a GBX 2.80 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 3.11%. This is a positive change from Dowlais Group's previous dividend of $1.40. Dowlais Group's dividend payout ratio is currently -1,111.11%.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a GBX 150 ($1.87) target price on shares of Dowlais Group in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Dowlais Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 176.67 ($2.20).
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Dowlais Group Company Profile
(
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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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