Lords Group Trading (LON:LORD) Trading 1% Higher - Here's What Happened

Key Points

• Lords Group Trading's stock price increased by 1% to GBX 31.80 ($0.43), with a significant drop in trading volume to approximately 47,091 shares compared to its average of 81,490 shares.
• Analysts from Berenberg Bank have issued a buy rating on the stock, setting a target price of GBX 80, indicating a positive outlook amidst a consensus rating of "Buy" from market analysts.
• The company focuses on the growing Repairs, Maintenance, and Improvement (RMI) market in the UK, significantly targeting local tradesmen and small hardware stores for its sales.

Lords Group Trading plc (LON:LORD - Get Free Report)'s stock price was up 1% during trading on Tuesday . The company traded as high as GBX 31.90 ($0.43) and last traded at GBX 31.80 ($0.43). Approximately 47,091 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 81,490 shares. The stock had previously closed at GBX 31.50 ($0.42).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 80 price objective on shares of Lords Group Trading in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 80.

Lords Group Trading Trading Up 1.0%

The stock has a fifty day moving average of GBX 39.25 and a two-hundred day moving average of GBX 36.60. The company has a market capitalization of £52.85 million, a PE ratio of -2,672.27 and a beta of 1.18. The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 196.86.

Lords Group Trading (LON:LORD - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported GBX 1.35 earnings per share for the quarter. Lords Group Trading had a negative net margin of 0.40% and a negative return on equity of 3.69%. As a group, sell-side analysts anticipate that Lords Group Trading plc will post 3.6 earnings per share for the current fiscal year.

About Lords Group Trading

Lords Group Trading is a leading distributor of building, plumbing, heating and DIY goods in the UK. The Group is principally focused on the growing Repairs, Maintenance and Improvement (RMI) market, with approximately 80 per cent. of the Group's demand focused on this segment of the construction market. The Group principally sells to local tradesmen, hardware stores, small to medium sized plumbing and heating merchants, construction companies and retails directly to the general public. The Group seeks to grow through a variety of organic and inorganic strategies, including geographic reach, product expansion, the active expansion of e-commerce platforms and the continued investment in its logistical capability.

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