Loungers (LON:LGRS) Stock Rating Reaffirmed by Peel Hunt

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 Company Profile

Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. It operates 146 cafés, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.

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