Peel Hunt Lowers Low & Bonar (LON:LWB) Price Target to GBX 20

Low & Bonar (LON:LWB) had its price target cut by stock analysts at Peel Hunt from GBX 25 ($0.33) to GBX 20 ($0.26) in a note issued to investors on Monday, April 1st, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 33.78% from the company’s previous close.

Separately, Canaccord Genuity restated a “buy” rating and issued a GBX 28 ($0.37) price objective on shares of Low & Bonar in a research report on Wednesday, February 20th.

LON:LWB traded up GBX 0.40 ($0.01) during trading hours on Monday, reaching GBX 14.95 ($0.20). The company had a trading volume of 382,576 shares, compared to its average volume of 420,530. The company has a market capitalization of $103.06 million and a PE ratio of -1.05. Low & Bonar has a 1-year low of GBX 11.89 ($0.16) and a 1-year high of GBX 53.06 ($0.69). The company has a current ratio of 2.13, a quick ratio of 1.17 and a debt-to-equity ratio of 138.27.

In related news, insider Philip de Klerk bought 200,935 shares of the company’s stock in a transaction on Friday, April 5th. The stock was bought at an average cost of GBX 14 ($0.18) per share, for a total transaction of £28,130.90 ($36,758.00). Also, insider Trudy Schoolenberg bought 71,785 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was bought at an average price of GBX 15 ($0.20) per share, with a total value of £10,767.75 ($14,069.97).

About Low & Bonar

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company supplies a range of technical textile solutions for various applications in the air and water filtration, building, roofing, drainage, and erosion control; and woven and non-woven geotextiles, and construction fibers used in infrastructure projects, including road and rail building, land reclamation, and coastal defense.

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