Low & Bonar (LWB) Hits New 12-Month Low at $52.00
Shares of Low & Bonar plc (LON:LWB) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 52 ($0.71) and last traded at GBX 53 ($0.72), with a volume of 700749 shares changing hands. The stock had previously closed at GBX 53 ($0.72).
Several analysts recently commented on LWB shares. Peel Hunt restated a “buy” rating and issued a GBX 100 ($1.36) target price on shares of Low & Bonar in a research report on Tuesday, October 31st. Berenberg Bank lowered their target price on Low & Bonar from GBX 112 ($1.52) to GBX 105 ($1.42) and set a “buy” rating on the stock in a research report on Tuesday, October 17th.
The stock has a market cap of $174.74 and a PE ratio of 879.17.
In other news, insider Mike Powell purchased 14,000 shares of the stock in a transaction dated Thursday, October 19th. The shares were bought at an average cost of GBX 71 ($0.96) per share, for a total transaction of £9,940 ($13,479.79).
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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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