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.

About Loungers

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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