Lords Group Trading (LON:LORD) Earns Buy Rating from Analysts at Berenberg Bank

Berenberg Bank assumed coverage on shares of Lords Group Trading (LON:LORD) in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm set a “buy” rating and a GBX 65 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 149.81% from the company’s current price.

Lords Group Trading Price Performance

Shares of Lords Group Trading stock traded up GBX 3.02 on Tuesday, hitting GBX 26.02. 1,191,733 shares of the company traded hands, compared to its average volume of 173,924. The business has a 50-day simple moving average of GBX 23.30 and a 200 day simple moving average of GBX 32.33. Lords Group Trading has a 52 week low of GBX 21 and a 52 week high of GBX 56. The stock has a market capitalization of £43.25 million, a P/E ratio of -18.07 and a beta of 1.18. The company has a debt-to-equity ratio of 196.86, a quick ratio of 0.77 and a current ratio of 1.31.

Insider Activity at Lords Group Trading

In other news, insider Shanker Bhupendrabhai Patel bought 1,400,000 shares of Lords Group Trading stock in a transaction on Monday, November 17th. The shares were bought at an average cost of GBX 21 per share, with a total value of £294,000. Also, insider Stuart Kilpatrick bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of GBX 23 per share, for a total transaction of £6,900. Insiders own 34.63% of the company’s stock.

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.