Lookers’ (LOOK) “Buy” Rating Reaffirmed at Peel Hunt
Lookers (LON:LOOK)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a research report issued to clients and investors on Tuesday.
Other research analysts also recently issued research reports about the stock. N+1 Singer restated a “buy” rating and set a GBX 168 ($2.26) price target on shares of Lookers in a research report on Wednesday, August 16th. Liberum Capital restated a “buy” rating and set a GBX 175 ($2.36) price target on shares of Lookers in a research report on Wednesday, August 16th. Numis Securities restated a “buy” rating and set a GBX 155 ($2.09) price target on shares of Lookers in a research report on Wednesday, August 16th. Berenberg Bank downgraded shares of Lookers to a “hold” rating and reduced their price target for the stock from GBX 170 ($2.29) to GBX 95 ($1.28) in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co started coverage on shares of Lookers in a research report on Friday, December 1st. They set an “overweight” rating and a GBX 109 ($1.47) price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 144.86 ($1.95).
Lookers (LON LOOK) traded down GBX 0.33 ($0.00) on Tuesday, hitting GBX 97.67 ($1.31). 536,138 shares of the company traded hands, compared to its average volume of 1,080,000. Lookers has a 52-week low of GBX 91.88 ($1.24) and a 52-week high of GBX 136.68 ($1.84).
Lookers plc operates as a motor retail and aftersales company in the United Kingdom. The Company operates through two business segments: motor distribution and parts distribution. The motor division consists of over 150 franchised dealerships representing over 30 marques from approximately 100 locations.
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