Loungers (LON:LGRS) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Loungers (LON:LGRS) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently commented on LGRS. Liberum Capital reissued a buy rating on shares of Loungers in a research note on Wednesday, December 4th. Peel Hunt reissued a buy rating and issued a GBX 285 ($3.75) target price on shares of Loungers in a research note on Wednesday, October 16th.

Shares of Loungers stock opened at GBX 236.50 ($3.11) on Monday. The business has a fifty day simple moving average of GBX 216.48 and a 200-day simple moving average of GBX 205. The firm has a market cap of $218.76 million and a price-to-earnings ratio of -63.92. Loungers has a fifty-two week low of GBX 186 ($2.45) and a fifty-two week high of GBX 232 ($3.05). The company has a quick ratio of 0.22, a current ratio of 0.25 and a debt-to-equity ratio of 105.52.

In other news, insider Robert Darwent sold 9,000,000 shares of Loungers stock in a transaction on Friday, December 27th. The stock was sold at an average price of GBX 210 ($2.76), for a total value of £18,900,000 ($24,861,878.45).

About Loungers

Loungers plc operates cafes, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. As of June 12, 2019, it operated 125 Lounge and 25 Cosy Club cafes, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.

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