N+1 Singer Reaffirms Buy Rating for Lookers PLC (LOOK)

Lookers PLC (LON:LOOK)‘s stock had its “buy” rating reissued by equities researchers at N+1 Singer in a note issued to investors on Friday, May 12th. They currently have a GBX 168 ($2.13) target price on the stock. N+1 Singer’s target price would indicate a potential upside of 29.73% from the stock’s current price.

A number of other brokerages have also recently weighed in on LOOK. Berenberg Bank restated a “buy” rating and set a GBX 170 ($2.15) target price on shares of Lookers PLC in a report on Tuesday, April 25th. Liberum Capital reduced their target price on shares of Lookers PLC from GBX 215 ($2.72) to GBX 175 ($2.21) and set a “buy” rating for the company in a report on Monday, February 6th. Peel Hunt restated a “buy” rating and set a GBX 190 ($2.40) target price on shares of Lookers PLC in a report on Wednesday, March 8th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 155 ($1.96) price objective on shares of Lookers PLC in a research note on Wednesday, March 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Lookers PLC in a research note on Monday, January 23rd. Six analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of GBX 170 ($2.15).

Analyst Recommendations for Lookers PLC (LON:LOOK)

Shares of Lookers PLC (LON LOOK) traded up 6.15% during midday trading on Friday, reaching GBX 129.50. The company’s stock had a trading volume of 1,366,559 shares. Lookers PLC has a 1-year low of GBX 88.00 and a 1-year high of GBX 146.79. The stock has a 50 day moving average of GBX 125.51 and a 200-day moving average of GBX 122.51. The company’s market capitalization is GBX 513.52 million.

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About Lookers PLC

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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