Loungers plc (LON:LGRS – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 286 ($3.62) and last traded at GBX 285.05 ($3.61), with a volume of 413930 shares traded. The stock had previously closed at GBX 275 ($3.48).
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Berenberg Bank raised their target price on Loungers from GBX 360 ($4.55) to GBX 370 ($4.68) and gave the stock a “buy” rating in a research report on Thursday, May 16th. Shore Capital reissued a “buy” rating on shares of Loungers in a research report on Wednesday, May 1st.
Read Our Latest Stock Analysis on Loungers
Loungers Trading Up 3.7 %
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.
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