Low & Bonar’s (LWB) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Low & Bonar (LON:LWB) in a report released on Wednesday. The brokerage currently has a GBX 100 ($1.35) price target on the stock.

Separately, Berenberg Bank reiterated a buy rating on shares of Low & Bonar in a research report on Wednesday, September 6th.

Low & Bonar (LWB) traded down GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 53.50 ($0.72). 1,819,659 shares of the company were exchanged, compared to its average volume of 408,615. Low & Bonar has a 52 week low of GBX 62.84 ($0.85) and a 52 week high of GBX 91 ($1.22).

In other news, insider Mike Powell purchased 14,000 shares of the stock in a transaction dated Thursday, October 19th. The shares were bought at an average cost of GBX 71 ($0.96) per share, for a total transaction of £9,940 ($13,378.20).

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About Low & Bonar

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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