Lookers (LOOK) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.
Stock analysts at JPMorgan Chase & Co. initiated coverage on shares of Lookers (LON:LOOK) in a research note issued on Friday, December 1st. The brokerage set an “overweight” rating and a GBX 109 ($1.46) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 5.83% from the stock’s current price.
A number of other analysts have also issued reports on the company. Liberum Capital reiterated a “buy” rating and issued a GBX 175 ($2.34) price target on shares of Lookers in a report on Thursday, November 9th. Peel Hunt reiterated a “buy” rating and issued a GBX 150 ($2.01) price target on shares of Lookers in a report on Thursday, November 9th. Berenberg Bank lowered Lookers to a “hold” rating and lowered their target price for the stock from GBX 170 ($2.27) to GBX 95 ($1.27) in a report on Tuesday, October 24th. N+1 Singer restated a “buy” rating and set a GBX 168 ($2.25) target price on shares of Lookers in a report on Wednesday, August 16th. Finally, Numis Securities restated a “buy” rating and set a GBX 155 ($2.07) target price on shares of Lookers in a report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 144.86 ($1.94).
Shares of Lookers (LON:LOOK) traded down GBX 0.50 ($0.01) during midday trading on Friday, hitting GBX 103 ($1.38). The company had a trading volume of 32,114 shares, compared to its average volume of 438,426. The stock has a market capitalization of $412.66 and a price-to-earnings ratio of 542.11. Lookers has a 12-month low of GBX 91.88 ($1.23) and a 12-month high of GBX 136.68 ($1.83).
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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