Loungers plc (LON:LGRS) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 199.25 ($2.60) and last traded at GBX 202 ($2.64), with a volume of 1861 shares. The stock had previously closed at GBX 203.50 ($2.66).

A number of analysts have recently commented on LGRS shares. Peel Hunt reissued a “buy” rating and issued a GBX 285 ($3.72) price target on shares of Loungers in a research report on Wednesday, August 28th. Liberum Capital reaffirmed a “buy” rating and set a GBX 275 ($3.59) price objective on shares of Loungers in a research report on Wednesday, August 28th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 285 ($3.72) price objective on shares of Loungers in a research note on Wednesday, August 28th.

The company has a market capitalization of $186.85 million and a PE ratio of -1.18. The firm has a 50-day moving average price of GBX 204.01.

Loungers Company Profile (LON:LGRS)

Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. It operates 146 cafés, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.

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