Low & Bonar plc (LWB) Given Buy Rating at Peel Hunt

Low & Bonar plc (LON:LWB)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 100 ($1.32) price target on the stock. Peel Hunt’s target price suggests a potential upside of 44.40% from the company’s current price.

Several other research firms have also recently commented on LWB. N+1 Singer cut Low & Bonar plc to a “hold” rating in a research note on Tuesday, July 11th. Berenberg Bank reduced their price target on Low & Bonar plc from GBX 112 ($1.48) to GBX 105 ($1.39) and set a “buy” rating on the stock in a research report on Tuesday, October 17th.

Shares of Low & Bonar plc (LWB) opened at 69.25 on Tuesday. Low & Bonar plc has a one year low of GBX 61.30 and a one year high of GBX 91.00. The stock has a 50 day moving average price of GBX 76.40 and a 200 day moving average price of GBX 82.43. The firm’s market cap is GBX 228.06 million.

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In other Low & Bonar plc news, insider Mike Powell bought 14,000 shares of Low & Bonar plc stock in a transaction on Thursday, October 19th. The shares were purchased at an average cost of GBX 71 ($0.94) per share, for a total transaction of £9,940 ($13,116.92).

About Low & Bonar plc

Low & Bonar PLC is a United Kingdom-based company engaged in international manufacturing and supply of performance materials. The Company’s segments include Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interiors & Transportation. The Building & Industrial global business unit (GBU) supplies a range of technical textile solutions for applications in the building, roofing, air and water filtration and agricultural markets.

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