Lookers (LOOK) Reaches New 12-Month Low at $90.80

Lookers PLC (LON:LOOK)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 90.80 ($1.28) and last traded at GBX 91.70 ($1.29), with a volume of 890342 shares changing hands. The stock had previously closed at GBX 95.70 ($1.34).

A number of brokerages have weighed in on LOOK. Peel Hunt reaffirmed a “buy” rating and issued a GBX 150 ($2.11) price objective on shares of Lookers in a report on Friday, November 3rd. JPMorgan Chase & Co. began coverage on Lookers in a report on Friday, December 1st. They issued an “overweight” rating and a GBX 109 ($1.53) price objective on the stock. Berenberg Bank lowered Lookers to a “hold” rating and lowered their price objective for the company from GBX 170 ($2.39) to GBX 95 ($1.33) in a report on Tuesday, October 24th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 175 ($2.46) price objective on shares of Lookers in a report on Thursday, November 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 150.57 ($2.11).

The firm has a market capitalization of $365.41 and a price-to-earnings ratio of 484.21.

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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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