Loungers (LON:LGRS) Hits New 12-Month High at $286.00

Loungers plc (LON:LGRS)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 286 ($3.62) and last traded at GBX 285.05 ($3.61), with a volume of 413930 shares traded. The stock had previously closed at GBX 275 ($3.48).

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Berenberg Bank raised their target price on Loungers from GBX 360 ($4.55) to GBX 370 ($4.68) and gave the stock a “buy” rating in a research report on Thursday, May 16th. Shore Capital reissued a “buy” rating on shares of Loungers in a research report on Wednesday, May 1st.

Loungers Trading Up 3.7 %

The firm has a market cap of £295.74 million, a P/E ratio of 4,028.57, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The company has a quick ratio of 0.44, a current ratio of 0.19 and a debt-to-equity ratio of 109.07. The firm’s 50-day simple moving average is GBX 270.23 and its 200 day simple moving average is GBX 234.79.

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.