Peel Hunt Lowers Low & Bonar (LWB) to Hold

Low & Bonar (LON:LWB) was downgraded by equities research analysts at Peel Hunt to a “hold” rating in a research report issued on Tuesday. They presently have a GBX 60 ($0.78) price objective on the stock, down from their previous price objective of GBX 80 ($1.04). Peel Hunt’s target price suggests a potential upside of 50.00% from the company’s previous close.

Separately, Berenberg Bank decreased their target price on Low & Bonar from GBX 60 ($0.78) to GBX 50 ($0.65) and set a “hold” rating on the stock in a research note on Wednesday, July 11th.

Shares of LWB opened at GBX 40 ($0.52) on Tuesday. Low & Bonar has a 12-month low of GBX 52 ($0.68) and a 12-month high of GBX 91 ($1.19).

In other Low & Bonar news, insider Philip de Klerk bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were bought at an average price of GBX 50 ($0.65) per share, with a total value of £50,000 ($65,129.61). Also, insider Kevin Matthews bought 10,148 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of GBX 49 ($0.64) per share, for a total transaction of £4,972.52 ($6,477.17). Insiders have purchased a total of 478,148 shares of company stock worth $20,217,252 in the last three months.

Low & Bonar Company Profile

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company operates through Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interior & Transportation. The Building & Industrial unit supplies a range of technical textile solutions for various applications in the building, roofing, and air and water filtration.

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