Loungers’ (LGRS) “Not Rated” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their not rated rating on shares of Loungers (LON:LGRS – Get Rating) in a research report released on Wednesday morning, Marketbeat reports.

Loungers Price Performance

LGRS opened at GBX 192 ($2.30) on Wednesday. The company has a fifty day simple moving average of GBX 199.02 and a 200 day simple moving average of GBX 200.17. The firm has a market cap of £198.36 million and a price-to-earnings ratio of 1,129.41. Loungers has a twelve month low of GBX 180 ($2.15) and a twelve month high of GBX 298.37 ($3.57). The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 113.25.

About Loungers

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Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. As of April 17, 2022, it operated 195 sites, including 164 Lounges and 31 Cosy Club cafés, bars, and restaurants. The company was founded in 2002 and is based in Bristol, the United Kingdom.