Lookers PLC (LOOK) Given Average Recommendation of “Buy” by Analysts

Shares of Lookers PLC (LON:LOOK) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 150.57 ($2.04).

A number of equities analysts have issued reports on LOOK shares. Berenberg Bank downgraded Lookers to a “hold” rating and decreased their price objective for the stock from GBX 170 ($2.31) to GBX 95 ($1.29) in a report on Tuesday, October 24th. Liberum Capital reiterated a “buy” rating and issued a GBX 175 ($2.37) price objective on shares of Lookers in a report on Thursday, November 9th. JPMorgan Chase & Co. started coverage on Lookers in a report on Friday, December 1st. They issued an “overweight” rating and a GBX 109 ($1.48) price objective for the company. Finally, Peel Hunt reiterated a “buy” rating on shares of Lookers in a report on Tuesday, December 5th.

Lookers (LON:LOOK) traded down GBX 1.20 ($0.02) on Friday, reaching GBX 101.20 ($1.37). The company’s stock had a trading volume of 1,697,211 shares, compared to its average volume of 282,358. The company has a market capitalization of $401.96 and a P/E ratio of 532.63. Lookers has a twelve month low of GBX 91.88 ($1.25) and a twelve month high of GBX 136.68 ($1.85).

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About Lookers

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.

Analyst Recommendations for Lookers (LON:LOOK)

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