Numis Securities Ltd Lowers Low & Bonar plc to Hold (LWB)
Low & Bonar plc (LON:LWB) was downgraded by Numis Securities Ltd to a “hold” rating in a research note issued on Friday. They currently have a GBX 80 ($1.33) target price on the stock, down from their previous target price of GBX 95 ($1.58). Numis Securities Ltd’s price objective would indicate a potential downside of 1.54% from the stock’s previous close.
Low & Bonar plc (LON:LWB) opened at 68.455 on Friday. Low & Bonar plc has a 1-year low of GBX 69.75 and a 1-year high of GBX 96.00. The stock’s 50-day moving average is GBX 83.98 and its 200-day moving average is GBX 84.53. The company’s market cap is £223.5 million.
LWB has been the subject of a number of other recent research reports. Analysts at N+1 Singer downgraded shares of Low & Bonar plc to a “hold” rating in a research note on Friday. They now have a GBX 75 ($1.24) price target on the stock, down previously from GBX 96 ($1.59).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.