Peel Hunt Reaffirms Buy Rating for Dowlais Group (LON:DWL)

Peel Hunt reiterated their buy rating on shares of Dowlais Group (LON:DWL – Get Rating) in a research note published on Tuesday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 220 ($2.74) target price on the stock.

Dowlais Group Stock Performance

Shares of DWL opened at GBX 132.90 ($1.65) on Tuesday. The firm has a market capitalization of £1.85 billion and a price-to-earnings ratio of -2,215.00. Dowlais Group has a 52 week low of GBX 105 ($1.31) and a 52 week high of GBX 148 ($1.84).

Insider Transactions at Dowlais Group

In related news, insider Philip Harrison purchased 23,805 shares of Dowlais Group stock in a transaction dated Thursday, May 4th. The shares were acquired at an average cost of GBX 125 ($1.55) per share, for a total transaction of £29,756.25 ($37,010.26). In related news, insider Celia Baxter purchased 25,471 shares of Dowlais Group stock in a transaction dated Wednesday, April 26th. The shares were acquired at an average cost of GBX 126 ($1.57) per share, for a total transaction of £32,093.46 ($39,917.24). Also, insider Philip Harrison purchased 23,805 shares of Dowlais Group stock in a transaction dated Thursday, May 4th. The stock was bought at an average price of GBX 125 ($1.55) per share, for a total transaction of £29,756.25 ($37,010.26). Insiders have purchased 130,560 shares of company stock worth $16,101,619 in the last three months. Insiders own 3.59% of the company’s stock.