Lookers (LON:LOOK) Price Target Cut to GBX 68 by Analysts at Liberum Capital

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Lookers (LON:LOOK) had its target price dropped by analysts at Liberum Capital from GBX 119 ($1.55) to GBX 68 ($0.89) in a report released on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 60.00% from the company’s previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a research note on Wednesday, May 15th. Numis Securities restated a “buy” rating on shares of in a research note on Friday, May 31st. Finally, Peel Hunt cut Senior to a “hold” rating and reduced their price objective for the stock from GBX 260 ($3.40) to GBX 230 ($3.01) in a research note on Friday.

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

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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