Man Group PLC Discloses 1.71% Stake in Dowlais Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Globenewswire
- Stake Disclosure: Man Group PLC has disclosed a 1.71% stake in Dowlais Group plc, indicating its investment intentions which may influence market confidence in Dowlais.
- Cash-Settled Derivatives: Man Group holds 22,595,661 shares through cash-settled derivatives, suggesting a bullish outlook on Dowlais that could drive future stock price increases.
- Increased Position Activity: Recently, Man Group increased its long positions in Dowlais by 276,889 shares at an average price of approximately 0.865 GBP, reflecting confidence in the company's future performance.
- Market Impact: This disclosure may attract attention from other investors, potentially enhancing Dowlais's market performance, especially in light of its recent stock price volatility.
DOW
$23.42+Infinity%1D
Analyst Views on DOW
Wall Street analysts forecast DOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOW is 26.00 USD with a low forecast of 20.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
1 Buy
12 Hold
1 Sell
Hold
Current: 23.260
Low
20.00
Averages
26.00
High
32.00
Current: 23.260
Low
20.00
Averages
26.00
High
32.00
About DOW
Dow Inc. serves as a holding company for The Dow Chemical Company and its subsidiaries. The Company conducts its operations through six global businesses, which are organized into segments, such as Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure and Performance Materials & Coatings. Packaging & Specialty Plastics segment consists of two integrated global businesses: Hydrocarbons & Energy and Packaging and Specialty Plastics. This segment employs a polyolefin product portfolio. Industrial Intermediates & Infrastructure segment consists of two customer-centric global businesses: Industrial Solutions and Polyurethanes & Construction Chemicals that develop intermediate chemicals that are essential to manufacturing processes, as well as downstream, customized materials and formulations that use advanced development technologies. Performance Materials & Coatings segment consists of two global businesses: Coatings & Performance Monomers and Consumer Solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
