Lookers (LON:LOOK) Hits New 12-Month Low at $49.40

Lookers PLC (LON:LOOK) reached a new 52-week low during trading on Friday . The company traded as low as GBX 49.40 ($0.65) and last traded at GBX 50.90 ($0.67), with a volume of 3190162 shares traded. The stock had previously closed at GBX 52.40 ($0.68).

LOOK has been the topic of a number of recent research reports. Peel Hunt reissued a “buy” rating on shares of Lookers in a research report on Tuesday, March 12th. Liberum Capital reissued a “buy” rating and set a GBX 138 ($1.80) target price on shares of Lookers in a research report on Wednesday, March 13th. Numis Securities reissued a “buy” rating and set a GBX 140 ($1.83) target price on shares of Lookers in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. cut shares of Lookers to a “neutral” rating and reduced their target price for the stock from GBX 129 ($1.69) to GBX 98 ($1.28) in a research report on Thursday, March 21st.

The company has a market capitalization of $198.04 million and a PE ratio of 4.80. The business’s fifty day simple moving average is GBX 79.74. The company has a quick ratio of 0.16, a current ratio of 1.06 and a debt-to-equity ratio of 132.03.

About Lookers (LON:LOOK)

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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