Lords Group Trading (LON:LORD) Trading Up 2.7% – Here’s Why

Lords Group Trading plc (LON:LORD)’s share price traded up 2.7% on Wednesday . The company traded as high as GBX 23.93 and last traded at GBX 23.93. 476,565 shares were traded during mid-day trading, an increase of 317% from the average session volume of 114,382 shares. The stock had previously closed at GBX 23.30.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on Lords Group Trading from GBX 80 to GBX 65 and set a “buy” rating for the company in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 65.

Lords Group Trading Price Performance

The company’s fifty day moving average is GBX 28.50 and its two-hundred day moving average is GBX 36.92. The company has a debt-to-equity ratio of 196.86, a quick ratio of 0.77 and a current ratio of 1.31. The firm has a market cap of £39.78 million, a price-to-earnings ratio of -16.62 and a beta of 1.18.

Lords Group Trading (LON:LORD) last released its quarterly earnings data on Thursday, September 11th. The company reported GBX 1.35 EPS for the quarter. Lords Group Trading had a negative return on equity of 3.69% and a negative net margin of 0.40%. Equities research analysts forecast that Lords Group Trading plc will post 3.6 EPS for the current year.

Insider Transactions at Lords Group Trading

In related news, insider Stuart Kilpatrick bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were acquired at an average cost of GBX 23 per share, for a total transaction of £6,900. Also, insider Shanker Bhupendrabhai Patel purchased 1,400,000 shares of Lords Group Trading stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of GBX 21 per share, for a total transaction of £294,000. 34.63% of the stock is currently owned by company insiders.

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.