Loungers (LON:LGRS) Stock Rating Reaffirmed by Shore Capital

Shore Capital reaffirmed their buy rating on shares of Loungers (LON:LGRS) in a research note released on Wednesday morning, Marketbeat reports.

Loungers Trading Up 0.8 %

Shares of LON LGRS opened at GBX 252 ($3.17) on Wednesday. The stock’s 50 day moving average price is GBX 214.73 and its two-hundred day moving average price is GBX 214.36. Loungers has a 52-week low of GBX 178 ($2.24) and a 52-week high of GBX 256 ($3.22). The stock has a market capitalization of £261.45 million, a P/E ratio of 3,600.00, a PEG ratio of 0.88 and a beta of 1.50. The company has a quick ratio of 0.44, a current ratio of 0.19 and a debt-to-equity ratio of 109.07.

Loungers Company Profile

Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brand names in England and Wales. The company was founded in 2002 and is based in Bristol, the United Kingdom.