Berenberg Bank Reaffirms Buy Rating for Lords Group Trading (LON:LORD)

Lords Group Trading (LON:LORD)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Monday, Marketbeat.com reports. They presently have a GBX 80 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 115.34% from the stock’s previous close.

Lords Group Trading Stock Performance

Shares of LORD stock opened at GBX 37.15 on Monday. The stock has a market capitalization of £61.75 million, a P/E ratio of -3,121.85 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. The firm’s 50 day moving average is GBX 44.63 and its 200 day moving average is GBX 36.12. Lords Group Trading has a 12 month low of GBX 23.60 and a 12 month high of GBX 56.

Lords Group Trading Company Profile

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.