Low & Bonar (LWB) Downgraded by Peel Hunt
Low & Bonar (LON:LWB) was downgraded by analysts at Peel Hunt to a “hold” rating in a note issued to investors on Tuesday. They currently have a GBX 60 ($0.78) target price on the stock, down from their previous target price of GBX 80 ($1.04). Peel Hunt’s target price would indicate a potential upside of 59.02% from the stock’s previous close.
Separately, Berenberg Bank lowered their target price on shares of Low & Bonar from GBX 60 ($0.78) to GBX 50 ($0.65) and set a “hold” rating for the company in a research note on Wednesday, July 11th.
LWB stock opened at GBX 37.73 ($0.49) on Tuesday. Low & Bonar has a 1-year low of GBX 52 ($0.68) and a 1-year high of GBX 91 ($1.19).
About Low & Bonar
Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company operates through Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interior & Transportation. The Building & Industrial unit supplies a range of technical textile solutions for various applications in the building, roofing, and air and water filtration.
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