Get SharePoint 2010 Lookup field value for a list item using Powershell

    foreach ($item in $spListItems)

            {

                  if ($item["lookupcol"] -ne $null)

                  {

                      $lookup  = [Microsoft.SharePoint.SPFieldLookupValue]$item["lookupcol"];  

                      $lookupvalue = $lookup.LookupValue;

                        Write-Host "lookupcol value" $lookupvalue

                  }

                   

            }