Dowlais Group (LON:DWL) Posts Quarterly Earnings Results

Dowlais Group (LON:DWL) announced its quarterly earnings data on Wednesday. The company reported GBX 11.40 ($0.15) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%.

Dowlais Group Price Performance

DWL opened at GBX 68.60 ($0.88) on Thursday. The stock’s 50 day moving average price is GBX 68.61 and its 200 day moving average price is GBX 61.83. The stock has a market cap of £927.68 million and a P/E ratio of -1.80. Dowlais Group has a 12 month low of GBX 47.32 ($0.61) and a 12 month high of GBX 94.68 ($1.22).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 62 ($0.80) price target on shares of Dowlais Group in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 94 ($1.21).

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.