Insider Buying: Lookers PLC (LON:LOOK) Insider Buys £22,000 in Stock

Lookers PLC (LON:LOOK) insider Mark Douglas Raban purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of GBX 44 ($0.57) per share, for a total transaction of £22,000 ($28,746.90).

Shares of LOOK stock opened at GBX 48.30 ($0.63) on Friday. 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 PLC has a fifty-two week low of GBX 33.70 ($0.44) and a fifty-two week high of GBX 113.60 ($1.48). The stock’s 50-day moving average is GBX 45.07 and its two-hundred day moving average is GBX 80.79. The firm has a market cap of $188.00 million and a P/E ratio of 4.56.

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



Several research analysts recently weighed in on the company. Liberum Capital reissued a “buy” rating on shares of Lookers in a research report on Wednesday. Peel Hunt reaffirmed a “hold” rating on shares of Lookers in a research report on Wednesday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 150 ($1.96) target price on shares of Lookers in a research report on Wednesday, June 26th. Numis Securities reaffirmed a “buy” rating and issued a GBX 140 ($1.83) target price on shares of Lookers in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. upped their target price on Lookers from GBX 47 ($0.61) to GBX 48 ($0.63) and gave the stock a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 90.20 ($1.18).

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.

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