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).

In other Low & Bonar news, insider Philip de Klerk bought 100,000 shares of the stock in a transaction on Friday, August 17th. The stock was purchased at an average price of GBX 50 ($0.65) per share, for a total transaction of £50,000 ($65,129.61). Also, insider Kevin Matthews bought 10,148 shares of the stock in a transaction on Tuesday, August 14th. The shares were acquired at an average price of GBX 49 ($0.64) per share, with a total value of £4,972.52 ($6,477.17).

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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