Peel Hunt reissued their buy rating on shares of Loungers (LON:LGRS) in a research report released on Wednesday morning, Digital Look reports. Peel Hunt currently has a GBX 285 ($3.72) price target on the stock.
A number of other analysts have also issued reports on LGRS. Liberum Capital reiterated a buy rating and set a GBX 275 ($3.59) price objective on shares of Loungers in a research note on Wednesday. Peel Hunt reiterated a buy rating and set a GBX 285 ($3.72) price objective on shares of Loungers in a research note on Wednesday, August 28th.
LGRS opened at GBX 199.50 ($2.61) on Wednesday. The stock has a market capitalization of $184.54 million and a price-to-earnings ratio of -1.16. The firm’s 50 day moving average price is GBX 200.73. Loungers has a 52-week low of GBX 197.25 ($2.58) and a 52-week high of GBX 227.90 ($2.98).
Loungers plc operates cafÃ©s, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. It operates 146 cafÃ©s, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.
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