Loungers (LON:LGRS) had its price objective raised by Berenberg Bank from GBX 350 ($4.57) to GBX 390 ($5.10) in a research note issued to investors on Wednesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 38.30% from the stock’s current price.
Separately, Liberum Capital restated a “buy” rating and set a GBX 350 ($4.57) target price on shares of Loungers in a report on Wednesday, July 21st.
Shares of LON:LGRS opened at GBX 282 ($3.68) on Wednesday. The business has a 50-day moving average price of GBX 282.76 and a 200 day moving average price of GBX 279.67. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 132.81. The company has a market capitalization of £289.72 million and a price-to-earnings ratio of -25.87. Loungers has a 12-month low of GBX 130.75 ($1.71) and a 12-month high of GBX 395.25 ($5.16).
Loungers plc operates cafÃ©s, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. As of April 19, 2020, it operated 165 sites, including 136 Lounges and 29 Cosy Club cafÃ©s, bars, and restaurants. The company was founded in 2002 and is based in Bristol, the United Kingdom.
Receive News & Ratings for Loungers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loungers and related companies with MarketBeat.com's FREE daily email newsletter.