Peel Hunt lowered shares of Lookers (LON:LOOK) to a hold rating in a research note released on Friday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has GBX 45 ($0.59) price objective on the stock, down from their previous price objective of GBX 150 ($1.96).
Several other research firms have also issued reports on LOOK. Numis Securities reiterated a buy rating on shares of in a research report on Friday, May 31st. Liberum Capital reiterated a buy rating and set a GBX 119 ($1.55) price target on shares of in a research report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Anglo American in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 90 ($1.18).
LON LOOK opened at GBX 42.65 ($0.56) on Friday. The company has a debt-to-equity ratio of 132.03, a current ratio of 1.06 and a quick ratio of 0.16. The firm has a market cap of $165.94 million and a price-to-earnings ratio of 4.02. The stock’s 50 day moving average price is GBX 66.02. Lookers has a 1 year low of GBX 46.40 ($0.61) and a 1 year high of GBX 113.60 ($1.48).
In other news, insider Nigel McMinn purchased 200,000 shares of Lookers stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of GBX 39 ($0.51) per share, for a total transaction of £78,000 ($101,920.82).
Lookers Company Profile
Lookers plc engages in the sale, hire, and maintenance of motor vehicles and motorcycles in the United Kingdom and Ireland. The company engages in the sale of new and used cars, and vans; and servicing, repair, and sale of franchised parts to customers' vehicles. It operates 155 franchised dealerships representing 32 manufacturers from 100 locations.
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