Low & Bonar (LWB) Lowered to “Hold” at Peel Hunt

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Peel Hunt downgraded shares of Low & Bonar (LON:LWB) to a hold rating in a report released on Monday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has GBX 15 ($0.20) target price on the stock, down from their prior target price of GBX 20 ($0.26).

Separately, Canaccord Genuity reduced their price target on shares of Low & Bonar from GBX 28 ($0.37) to GBX 26 ($0.34) and set a buy rating on the stock in a report on Monday, April 1st.

Shares of LON LWB opened at GBX 10.90 ($0.14) on Monday. The company has a debt-to-equity ratio of 138.27, a quick ratio of 1.17 and a current ratio of 2.13. The firm has a market capitalization of $75.14 million and a price-to-earnings ratio of -0.76. Low & Bonar has a 52-week low of GBX 11.89 ($0.16) and a 52-week high of GBX 51.78 ($0.68).

In related news, insider Philip de Klerk purchased 200,935 shares of Low & Bonar stock in a transaction on Friday, April 5th. The shares were bought at an average cost of GBX 14 ($0.18) per share, for a total transaction of £28,130.90 ($36,758.00).

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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