Loungers plc (LON:LGRS – Get Rating) shares were up 0.6% during mid-day trading on Tuesday . The stock traded as high as GBX 182.50 ($2.21) and last traded at GBX 182.50 ($2.21). Approximately 16,236 shares changed hands during trading, a decline of 71% from the average daily volume of 55,078 shares. The stock had previously closed at GBX 181.50 ($2.20).
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 390 ($4.72) price objective on shares of Loungers in a research note on Tuesday, May 3rd.
The business’s 50-day moving average price is GBX 205.37 and its 200 day moving average price is GBX 242.05. The company has a debt-to-equity ratio of 112.74, a current ratio of 0.48 and a quick ratio of 0.45. The firm has a market capitalization of £188.20 million and a price-to-earnings ratio of -456.25.
Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. As of April 18, 2021, it operated 168 sites, including 138 Lounges and 30 Cosy Club cafés, bars, and restaurants. The company was founded in 2002 and is based in Bristol, the United Kingdom.
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