Lords Group Trading (LON:LORD) Stock Price Up 9.2% – Still a Buy?

Lords Group Trading plc (LON:LORD)’s stock price shot up 9.2% during mid-day trading on Tuesday . The stock traded as high as GBX 18.70 and last traded at GBX 18.70. 105,909 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 203,759 shares. The stock had previously closed at GBX 17.12.

Wall Street Analysts Forecast Growth

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

Lords Group Trading Stock Down 8.0%

The firm has a 50-day moving average price of GBX 18.86 and a 200 day moving average price of GBX 22.51. The company has a debt-to-equity ratio of 222.25, a current ratio of 1.25 and a quick ratio of 0.77. The company has a market cap of £28.59 million, a price-to-earnings ratio of -11.94 and a beta of 1.29.

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.