Insider Buying: Low & Bonar plc (LON:LWB) Insider Acquires 14,000 Shares of Stock

Low & Bonar plc (LON:LWB) insider Mike Powell acquired 14,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The shares were bought at an average cost of GBX 71 ($0.94) per share, for a total transaction of £9,940 ($13,116.92).

Low & Bonar plc (LWB) remained flat at GBX 70.25 during mid-day trading on Friday. 141,740 shares of the stock traded hands. Low & Bonar plc has a 12-month low of GBX 61.30 and a 12-month high of GBX 90.06. The stock’s 50-day moving average is GBX 76.74 and its 200 day moving average is GBX 82.42. The firm’s market cap is GBX 231.35 million.

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A number of analysts recently issued reports on the company. Berenberg Bank dropped their price objective on Low & Bonar plc from GBX 112 ($1.48) to GBX 105 ($1.39) and set a “buy” rating on the stock in a report on Tuesday, October 17th. Peel Hunt dropped their price objective on Low & Bonar plc from GBX 110 ($1.45) to GBX 100 ($1.32) and set a “buy” rating on the stock in a report on Monday, October 16th. Finally, N+1 Singer cut Low & Bonar plc to a “hold” rating in a report on Tuesday, July 11th.

About Low & Bonar plc

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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