Lords Group Trading (LON:LORD) Now Covered by Analysts at Berenberg Bank

Berenberg Bank initiated coverage on shares of Lords Group Trading (LON:LORD) in a report released on Tuesday morning,London Stock Exchange reports. The brokerage issued a buy rating and a GBX 65 target price on the stock.

Lords Group Trading Stock Performance

Shares of Lords Group Trading stock opened at GBX 26.49 on Tuesday. The firm has a fifty day moving average of GBX 23.37 and a two-hundred day moving average of GBX 32.14. 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 stock has a market capitalization of £44.03 million, a price-to-earnings ratio of -18.40 and a beta of 1.18. Lords Group Trading has a 52 week low of GBX 21 and a 52 week high of GBX 56.

Insider Transactions at Lords Group Trading

In related news, insider Stuart Kilpatrick bought 30,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was bought 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 the stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of GBX 21 per share, with a total value of £294,000. 34.63% of the stock is currently owned by company insiders.

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.