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.
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