Lookers (LON:LOOK) Downgraded by Peel Hunt

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Lookers (LON:LOOK) was downgraded by Peel Hunt to a “hold” rating in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 45 ($0.59) target price on the stock, down from their prior target price of GBX 150 ($1.96). Peel Hunt’s price target points to a potential upside of 5.88% from the company’s current price.

LOOK has been the topic of several other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 119 ($1.55) price target on shares of in a research report on Wednesday, June 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Anglo American in a research report on Wednesday, May 15th. Finally, Numis Securities reaffirmed a “buy” rating on shares of in a research report on Friday, May 31st.

Shares of LON:LOOK opened at GBX 42.50 ($0.56) on Friday. The firm has a market capitalization of $165.36 million and a P/E ratio of 4.01. The company has a 50-day simple moving average of GBX 68.65. Lookers has a 52-week low of GBX 46.40 ($0.61) and a 52-week high of GBX 113.60 ($1.48). The company has a current ratio of 1.06, a quick ratio of 0.16 and a debt-to-equity ratio of 132.03.

About Lookers

Lookers plc engages in the sale, hire, and maintenance of motor vehicles and motorcycles in the United Kingdom and Ireland. The company engages in the sale of new and used cars, and vans; and servicing, repair, and sale of franchised parts to customers' vehicles. It operates 155 franchised dealerships representing 32 manufacturers from 100 locations.

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