Loungers (LON:LGRS) Sets New 52-Week High at $286.00

Loungers plc (LON:LGRS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 286 ($3.64) and last traded at GBX 282 ($3.59), with a volume of 245671 shares trading hands. The stock had previously closed at GBX 282 ($3.59).

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Berenberg Bank increased their price target on Loungers from GBX 360 ($4.58) to GBX 370 ($4.71) and gave the stock a “buy” rating in a research note on Thursday, May 16th. Shore Capital reiterated a “buy” rating on shares of Loungers in a research note on Wednesday, May 1st.

Loungers Stock Performance

The firm has a fifty day simple moving average of GBX 255.35 and a two-hundred day simple moving average of GBX 230.71. The stock has a market cap of £293.61 million, a PE ratio of 4,017.14, a PEG ratio of 0.99 and a beta of 1.46. The company has a current ratio of 0.19, a quick ratio of 0.44 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.