Lords Group Trading (LON:LORD) Trading Up 11.4% – What’s Next?

Lords Group Trading plc (LON:LORD) rose 11.4% during trading on Tuesday . The stock traded as high as GBX 26 and last traded at GBX 25.63. Approximately 855,214 shares changed hands during mid-day trading, an increase of 451% from the average daily volume of 155,228 shares. The stock had previously closed at GBX 23.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on shares of 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 65.

Lords Group Trading Trading Up 13.6%

The company has a market cap of £43.44 million, a price-to-earnings ratio of -18.15 and a beta of 1.18. 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 business’s 50 day moving average price is GBX 23.30 and its 200-day moving average price is GBX 32.33.

Insider Buying and Selling

In other news, insider Stuart Kilpatrick purchased 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, with a total value of £6,900. Also, insider Shanker Bhupendrabhai Patel purchased 1,400,000 shares of Lords Group Trading stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of GBX 21 per share, with a total value of £294,000. 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.