Liberum Capital Reaffirms Buy Rating for Loungers (LON:LGRS)
Loungers (LON:LGRS)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Separately, Peel Hunt initiated coverage on Loungers in a research report on Tuesday, June 4th. They issued a “buy” rating and a GBX 285 ($3.72) price objective on the stock.
Shares of LON:LGRS opened at GBX 222.50 ($2.91) on Wednesday. Loungers has a 52-week low of GBX 209 ($2.73) and a 52-week high of GBX 227.90 ($2.98). The firm has a market capitalization of $205.81 million and a PE ratio of -1.30.
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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