Shali Vasudeva Buys 24,215 Shares of Dowlais Group plc (LON:DWL) Stock

Dowlais Group plc (LON:DWL) insider Shali Vasudeva acquired 24,215 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of GBX 82 ($1.02) per share, with a total value of £19,856.30 ($24,718.41).

Dowlais Group Price Performance

Shares of DWL opened at GBX 80.15 ($1.00) on Wednesday. Dowlais Group plc has a 1-year low of GBX 74.45 ($0.93) and a 1-year high of GBX 148 ($1.84). The stock has a market cap of £1.11 billion and a PE ratio of -222.64. The firm has a fifty day moving average price of GBX 84.35 and a 200 day moving average price of GBX 94.25.

Dowlais Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be given a GBX 2.80 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Dowlais Group’s previous dividend of $1.40. This represents a yield of 3.11%. Dowlais Group’s payout ratio is -1,111.11%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 150 ($1.87) price objective on shares of Dowlais Group in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Dowlais Group has a consensus rating of “Moderate Buy” and an average target price of GBX 176.67 ($2.20).

Dowlais Group Company Profile

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.