Low & Bonar (LWB) Hits New 12-Month Low at $52.00
Low & Bonar plc (LON:LWB) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 52 ($0.71) and last traded at GBX 53 ($0.72), with a volume of 700749 shares trading hands. The stock had previously closed at GBX 53 ($0.72).
A number of research analysts have recently issued reports on the company. Peel Hunt decreased their target price on Low & Bonar from GBX 110 ($1.49) to GBX 100 ($1.36) and set a “buy” rating on the stock in a research report on Monday, October 16th. Berenberg Bank decreased 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 company has a market capitalization of $174.74 and a PE ratio of 883.33.
In other Low & Bonar news, insider Mike Powell bought 14,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were purchased at an average price 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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