Peel Hunt Reiterates Buy Rating for Lookers (LOOK)

Lookers (LON:LOOK)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research note issued on Tuesday.

Several other research firms also recently weighed in on LOOK. Numis Securities reaffirmed a “buy” rating and issued a GBX 155 ($2.09) price objective on shares of Lookers in a report on Wednesday, August 16th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 168 ($2.26) price objective on shares of Lookers in a report on Wednesday, August 16th. Berenberg Bank downgraded shares of Lookers to a “hold” rating and reduced their price objective for the stock from GBX 170 ($2.29) to GBX 95 ($1.28) in a report on Tuesday, October 24th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 175 ($2.36) price objective on shares of Lookers in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co started coverage on shares of Lookers in a report on Friday, December 1st. They issued an “overweight” rating and a GBX 109 ($1.47) price target for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Lookers has a consensus rating of “Buy” and an average price target of GBX 144.86 ($1.95).

Lookers (LON:LOOK) opened at GBX 97.75 ($1.32) on Tuesday. Lookers has a twelve month low of GBX 92.75 ($1.25) and a twelve month high of GBX 136.68 ($1.84).

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Lookers Company Profile

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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