Low & Bonar plc’s Buy Rating Reaffirmed at N+1 Singer (LWB)
Low & Bonar plc (LON:LWB)‘s stock had its “buy” rating reaffirmed by analysts at N+1 Singer in a research report issued to clients and investors on Thursday. They currently have a GBX 96 ($1.65) price objective on the stock. N+1 Singer’s target price indicates a potential upside of 22.68% from the stock’s previous close.
Shares of Low & Bonar plc (LON:LWB) traded up 3.51% on Thursday, hitting GBX 81.00. The stock had a trading volume of 370,384 shares. Low & Bonar plc has a one year low of GBX 64.25 and a one year high of GBX 96.00. The stock has a 50-day moving average of GBX 80.32 and a 200-day moving average of GBX 83.68. The company’s market cap is £261.5 million.
The company also recently announced a dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 0.95 ($0.02) per share. This represents a dividend yield of 1.17%. The ex-dividend date is Wednesday, August 27th.
A number of other analysts have also recently weighed in on LWB. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Low & Bonar plc in a research note on Monday, June 9th. They now have a GBX 95 ($1.63) price target on the stock. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Low & Bonar plc in a research note on Friday, April 25th. They now have a GBX 96 ($1.65) price target on the stock.
Low and Bonar PLC designs and manufactures components. Its principal activities are in the international manufacturing and supply of those performance materials referred to as technical textiles.
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