Loungers (LON:LGRS) Trading 1.4% Higher

Shares of Loungers plc (LON:LGRS) shot up 1.4% during mid-day trading on Friday . The company traded as high as GBX 280 ($3.62) and last traded at GBX 280 ($3.62). 28,331 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 117,323 shares. The stock had previously closed at GBX 276 ($3.57).

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Loungers in a report on Wednesday, May 1st. Berenberg Bank lifted their price target on shares of Loungers from GBX 360 ($4.66) to GBX 370 ($4.79) and gave the company a “buy” rating in a research report on Thursday, May 16th.

Loungers Trading Up 1.4 %

The company has a debt-to-equity ratio of 109.07, a quick ratio of 0.44 and a current ratio of 0.19. The stock has a 50-day moving average of GBX 277.57 and a two-hundred day moving average of GBX 241.29. The company has a market cap of £290.50 million, a P/E ratio of 4,000.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46.

About Loungers

Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brand names in England and Wales. The company was founded in 2002 and is based in Bristol, the United Kingdom.