Berenberg Bank Issues Pessimistic Forecast for Lords Group Trading (LON:LORD) Stock Price

Lords Group Trading (LON:LORD) had its target price cut by investment analysts at Berenberg Bank from GBX 65 to GBX 50 in a report issued on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 284.91% from the stock’s current price.

Separately, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 19 target price on shares of Lords Group Trading in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lords Group Trading presently has an average rating of “Moderate Buy” and a consensus target price of GBX 34.50.

Lords Group Trading Stock Performance

Shares of LORD stock opened at GBX 12.99 on Thursday. The company has a 50 day moving average price of GBX 16.55 and a 200-day moving average price of GBX 19.44. Lords Group Trading has a 52 week low of GBX 12.50 and a 52 week high of GBX 47. The firm has a market capitalization of £21.59 million, a PE ratio of -4.85 and a beta of 1.30. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 245.10.

Lords Group Trading (LON:LORD) last released its quarterly earnings data on Wednesday, May 20th. The company reported GBX (3.82) earnings per share for the quarter. The company had revenue of £472.80 million for the quarter. Lords Group Trading had a negative net margin of 0.93% and a negative return on equity of 10.04%. As a group, equities research analysts expect that Lords Group Trading will post 3.6 earnings per share for the current year.

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.