Loungers (LON:LGRS) Sets New 52-Week Low at $199.25
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 plc operates cafÃ©s, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. It operates 146 cafÃ©s, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.
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