Loungers (LON:LGRS) Reaches New 12-Month High at $264.00

Loungers plc (LON:LGRS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 264 ($3.32) and last traded at GBX 264 ($3.32), with a volume of 203647 shares trading hands. The stock had previously closed at GBX 258 ($3.24).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Loungers in a report on Wednesday, May 1st.

Loungers Trading Up 1.6 %

The business’s 50-day simple moving average is GBX 216.44 and its two-hundred day simple moving average is GBX 215.68. The firm has a market capitalization of £271.83 million, a price-to-earnings ratio of 3,742.86, a PEG ratio of 0.88 and a beta of 1.50. The company has a quick ratio of 0.44, a current ratio of 0.19 and a debt-to-equity ratio of 109.07.

Loungers Company Profile

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.