Loungers (LON:LGRS) Trading 3.9% Higher

Loungers plc (LON:LGRSGet Rating)’s share price traded up 3.9% during mid-day trading on Friday . The company traded as high as GBX 215.71 ($2.64) and last traded at GBX 214 ($2.62). 290,620 shares traded hands during trading, an increase of 278% from the average session volume of 76,829 shares. The stock had previously closed at GBX 206 ($2.52).

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 390 ($4.78) price objective on shares of Loungers in a research note on Friday, July 15th. Shore Capital reiterated a “not rated” rating on shares of Loungers in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Loungers presently has an average rating of “Buy” and a consensus target price of GBX 385 ($4.72).

Loungers Price Performance

The company has a debt-to-equity ratio of 113.25, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market capitalization of £220.69 million and a price-to-earnings ratio of 1,258.82. The business has a fifty day moving average of GBX 194.11 and a two-hundred day moving average of GBX 229.09.

About Loungers

(Get Rating)

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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