Berenberg Bank Lowers Low & Bonar plc (LWB) Price Target to GBX 105

Low & Bonar plc (LON:LWB) had its target price trimmed by Berenberg Bank from GBX 112 ($1.47) to GBX 105 ($1.38) in a research report released on Tuesday, October 17th, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on LWB. Peel Hunt reaffirmed a buy rating and set a GBX 110 ($1.45) price objective on shares of Low & Bonar plc in a report on Tuesday, July 11th. N+1 Singer cut Low & Bonar plc to a hold rating in a report on Tuesday, July 11th.

Shares of Low & Bonar plc (LON:LWB) traded down GBX 0.38 ($0.00) during mid-day trading on Tuesday, hitting GBX 71.88 ($0.95). 87,614 shares of the stock were exchanged, compared to its average volume of 479,440. Low & Bonar plc has a 12 month low of GBX 61.30 ($0.81) and a 12 month high of GBX 91 ($1.20).

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In related news, insider Mike Powell purchased 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average price of GBX 71 ($0.93) per share, for a total transaction of £9,940 ($13,073.79).

Low & Bonar plc Company Profile

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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