Low & Bonar (LWB) Stock Price Down 10.2%

Low & Bonar plc (LON:LWB)’s share price was down 10.2% during trading on Thursday . The company traded as low as GBX 21.91 ($0.29) and last traded at GBX 21.91 ($0.29). Approximately 207,968 shares changed hands during trading, a decline of 51% from the average daily volume of 420,530 shares. The stock had previously closed at GBX 24.40 ($0.32).

A number of equities analysts have recently commented on LWB shares. Peel Hunt cut their price target on shares of Low & Bonar from GBX 60 ($0.78) to GBX 30 ($0.39) and set a “hold” rating on the stock in a report on Friday, December 14th. Berenberg Bank restated a “hold” rating on shares of Low & Bonar in a report on Wednesday, October 10th.

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About Low & Bonar (LON:LWB)

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company operates through Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interior & Transportation. The Building & Industrial unit supplies a range of technical textile solutions for various applications in the building, roofing, and air and water filtration.

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