Low & Bonar (LWB) Given Buy Rating at Peel Hunt

Low & Bonar (LON:LWB)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a report released on Friday. They presently have a GBX 80 ($1.07) price target on the stock. Peel Hunt’s target price suggests a potential upside of 51.52% from the stock’s previous close.

Separately, Berenberg Bank dropped their target price on Low & Bonar from GBX 112 ($1.50) to GBX 105 ($1.40) and set a “buy” rating for the company in a research report on Tuesday, October 17th.

Low & Bonar (LWB) remained flat at $GBX 52.80 ($0.71) during trading hours on Friday. The company had a trading volume of 536,133 shares, compared to its average volume of 876,321. The company has a market cap of $174.08 and a P/E ratio of 880.00. Low & Bonar has a 12-month low of GBX 52 ($0.70) and a 12-month high of GBX 91 ($1.22).

In other news, insider Mike Powell bought 14,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was bought at an average price of GBX 71 ($0.95) per share, for a total transaction of £9,940 ($13,290.55).

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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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