Low & Bonar plc (LON:LWB)’s share price traded up 8.2% on Friday . The company traded as high as GBX 29.30 ($0.38) and last traded at GBX 29.23 ($0.38). 225,225 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 420,530 shares. The stock had previously closed at GBX 27 ($0.35).
A number of equities analysts recently weighed in on the stock. Peel Hunt reiterated a “buy” rating on shares of Low & Bonar in a research report on Wednesday, August 8th. Berenberg Bank reiterated a “hold” rating on shares of Low & Bonar in a research report on Wednesday, October 10th.
In other Low & Bonar news, insider Philip de Klerk bought 100,000 shares of Low & Bonar stock in a transaction on Friday, August 17th. The stock was bought at an average price of GBX 50 ($0.65) per share, with a total value of £50,000 ($65,333.86). Also, insider Daniel Dayan bought 368,000 shares of Low & Bonar stock in a transaction on Wednesday, September 26th. The stock was acquired at an average cost of GBX 40 ($0.52) per share, with a total value of £147,200 ($192,342.87). Over the last quarter, insiders purchased 553,298 shares of company stock worth $23,223,252.
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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