Lords Group Trading (LON:LORD) Trading 2.3% Higher – Still a Buy?

Shares of Lords Group Trading plc (LON:LORD) were up 2.3% during mid-day trading on Thursday . The stock traded as high as GBX 22 and last traded at GBX 22. Approximately 106,125 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 157,368 shares. The stock had previously closed at GBX 21.50.

Wall Street Analysts Forecast Growth

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

Lords Group Trading Stock Performance

The business’s fifty day moving average is GBX 23.52 and its two-hundred day moving average is GBX 27.58. The stock has a market capitalization of £36.57 million, a PE ratio of -15.28 and a beta of 1.18. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 222.25.

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.