Lords Group Trading (LON:LORD) Shares Down 25.3% Following Analyst Downgrade

Lords Group Trading plc (LON:LORDGet Free Report)’s stock price dropped 25.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 80 to GBX 65. Berenberg Bank currently has a buy rating on the stock. Lords Group Trading traded as low as GBX 21 and last traded at GBX 23.30. Approximately 338,013 shares traded hands during mid-day trading, an increase of 322% from the average daily volume of 80,120 shares. The stock had previously closed at GBX 31.20.

Insiders Place Their Bets

In related news, insider Stuart Kilpatrick purchased 30,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of GBX 23 per share, for a total transaction of £6,900. Insiders own 33.78% of the company’s stock.

Lords Group Trading Stock Down 5.4%

The company has a debt-to-equity ratio of 196.86, a quick ratio of 0.77 and a current ratio of 1.31. The company’s fifty day moving average price is GBX 32.10 and its 200-day moving average price is GBX 37.84. The stock has a market cap of £35.24 million, a P/E ratio of -14.72 and a beta of 1.18.

Lords Group Trading (LON:LORDGet Free Report) last posted its quarterly earnings data on Thursday, September 11th. The company reported GBX 1.35 earnings per share for the quarter. Lords Group Trading had a negative net margin of 0.40% and a negative return on equity of 3.69%. Equities analysts forecast that Lords Group Trading plc will post 3.6 EPS for the current year.

Lords Group Trading Company Profile

(Get Free Report)

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.

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