Lords Group Trading (LON:LORD) Shares Down 9.7% – Here’s Why

Lords Group Trading plc (LON:LORD) fell 9.7% during mid-day trading on Wednesday . The company traded as low as GBX 16.55 and last traded at GBX 17.15. 1,313,005 shares changed hands during trading, an increase of 541% from the average session volume of 204,691 shares. The stock had previously closed at GBX 19.

Analyst Ratings Changes

Separately, Berenberg Bank started coverage on Lords Group Trading in a report on Tuesday, January 27th. They set a “buy” rating and a GBX 65 price target on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Lords Group Trading presently has an average rating of “Buy” and a consensus price target of GBX 65.

Lords Group Trading Price Performance

The company has a 50 day moving average price of GBX 20.73 and a 200 day moving average price of GBX 24.21. The firm has a market cap of £29.26 million, a PE ratio of -12.22 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 222.25.

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.