Low & Bonar Downgraded by Numis Securities Ltd to “Add” (LWB)
Low & Bonar (LON:LWB) was downgraded by research analysts at Numis Securities Ltd to an “add” rating in a report released on Tuesday, Analyst Ratings News reports. They currently have a GBX 95 ($1.56) target price on the stock, up from their previous target price of GBX 85 ($1.40). Numis Securities Ltd’s price objective points to a potential upside of 11.76% from the company’s current price.
LWB has been the subject of a number of other recent research reports. Analysts at N+1 Singer raised their price target on shares of Low & Bonar from GBX 78 ($1.28) to GBX 96 ($1.58) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Low & Bonar in a research note to investors on Thursday, December 19th. They now have a GBX 78 ($1.28) price target on the stock.
Low & Bonar (LON:LWB) traded down 1.73% on Tuesday, hitting GBX 85.00. The stock had a trading volume of 405,512 shares. Low & Bonar has a 1-year low of GBX 59.17 and a 1-year high of GBX 87.00. The stock has a 50-day moving average of GBX 78.75 and a 200-day moving average of GBX 74.47. The company’s market cap is £248.5 million.
Low & Bonar PLC is engaged in the manufacturing and supply of technical textiles. The Company operates in two segments: Performance Technical Textiles and Technical Coated Fabrics.
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