Lookers’ (LOOK) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Lookers (LON:LOOK) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also commented on LOOK. Numis Securities reissued a buy rating and issued a GBX 140 ($1.83) target price on shares of Lookers in a report on Friday, May 31st. Liberum Capital dropped their target price on Lookers from GBX 119 ($1.55) to GBX 68 ($0.89) and set a buy rating on the stock in a report on Friday, July 12th. Peel Hunt reissued a buy rating and issued a GBX 150 ($1.96) target price on shares of Lookers in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. dropped their target price on Lookers from GBX 98 ($1.28) to GBX 47 ($0.61) and set a neutral rating on the stock in a report on Monday, July 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 90.20 ($1.18).

LON:LOOK traded down GBX 0.80 ($0.01) during trading hours on Wednesday, hitting GBX 45.20 ($0.59). The company’s stock had a trading volume of 933,265 shares, compared to its average volume of 984,774. The company has a market capitalization of $179.05 million and a PE ratio of 4.26. The company has a fifty day simple moving average of GBX 45.30. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.06 and a quick ratio of 0.16. Lookers has a 52-week low of GBX 33.70 ($0.44) and a 52-week high of GBX 113.60 ($1.48).



The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 17th will be issued a GBX 1.48 ($0.02) dividend. This represents a yield of 3.4%. The ex-dividend date is Thursday, October 17th. Lookers’s dividend payout ratio (DPR) is presently 0.38%.

In other news, insider Mark Douglas Raban acquired 50,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of GBX 44 ($0.57) per share, with a total value of £22,000 ($28,746.90). Also, insider Nigel McMinn acquired 200,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of GBX 39 ($0.51) per share, for a total transaction of £78,000 ($101,920.82).

About Lookers

Lookers plc engages in the sale, hire, and maintenance of motor vehicles and motorcycles in the United Kingdom and Ireland. The company engages in the sale of new and used cars, and vans; and servicing, repair, and sale of franchised parts to customers' vehicles. It operates 155 franchised dealerships representing 32 manufacturers from 100 locations.

Further Reading: When can a hold rating present a buying opportunity?

Analyst Recommendations for Lookers (LON:LOOK)

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