Peel Hunt Downgrades Lookers (LON:LOOK) to Hold

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

Other analysts have also issued research reports about the company. Liberum Capital restated a “buy” rating and issued a GBX 119 ($1.55) target price on shares of in a report on Wednesday, June 26th. Numis Securities restated a “buy” rating on shares of in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Wednesday, May 15th.

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

Lookers Company Profile

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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