Canaccord Genuity Cuts Low & Bonar (LWB) Price Target to GBX 20

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Low & Bonar (LON:LWB) had its price target lowered by investment analysts at Canaccord Genuity from GBX 26 ($0.34) to GBX 20 ($0.26) in a research note issued on Monday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 81.82% from the company’s current price.

Separately, Peel Hunt dropped their price objective on Low & Bonar from GBX 25 ($0.33) to GBX 20 ($0.26) and set a “buy” rating for the company in a report on Monday, April 1st.

LON LWB traded down GBX 3.50 ($0.05) on Monday, hitting GBX 11 ($0.14). The company’s stock had a trading volume of 2,057,077 shares, compared to its average volume of 420,530. Low & Bonar has a 52-week low of GBX 11.89 ($0.16) and a 52-week high of GBX 51.78 ($0.68). 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 stock has a market cap of $75.83 million and a P/E ratio of -0.77.

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

Low & Bonar Company Profile

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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