Loungers (LON:LGRS) Trading Up 0.6%

Loungers plc (LON:LGRS)’s share price was up 0.6% on Monday . The company traded as high as GBX 280 ($3.66) and last traded at GBX 280 ($3.66). Approximately 801 shares traded hands during trading, a decline of 99% from the average daily volume of 108,219 shares. The stock had previously closed at GBX 278.20 ($3.64).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on Loungers from GBX 360 ($4.71) to GBX 370 ($4.84) and gave the stock a “buy” rating in a report on Thursday, May 16th.

Loungers Stock Performance

The company has a debt-to-equity ratio of 109.36, a quick ratio of 0.44 and a current ratio of 0.26. The stock has a fifty day simple moving average of GBX 279.15 and a two-hundred day simple moving average of GBX 254.97. The stock has a market capitalization of £283.54 million, a price-to-earnings ratio of 3,033.33, a P/E/G ratio of 0.99 and a beta of 1.56.

About Loungers

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.