Lords Group Trading (LON:LORD) Trading Down 2.2% – Here’s Why

Lords Group Trading plc (LON:LORD)’s stock price was down 2.2% during trading on Friday . The company traded as low as GBX 21.82 and last traded at GBX 21.91. Approximately 74,043 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 112,566 shares. The stock had previously closed at GBX 22.40.

Analysts Set New Price Targets

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

Lords Group Trading Price Performance

The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 196.86. The firm has a market cap of £36.42 million, a P/E ratio of -15.22 and a beta of 1.18. The business’s fifty day simple moving average is GBX 25.40 and its 200-day simple moving average is GBX 35.15.

Insider Activity

In other Lords Group Trading news, insider Stuart Kilpatrick bought 30,000 shares of the firm’s stock in a transaction 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 the stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of GBX 21 per share, for a total transaction of £294,000. Corporate insiders own 34.63% of the company’s stock.

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.