Berenberg Bank Cuts Lords Group Trading (LON:LORD) Price Target to GBX 50

Lords Group Trading (LON:LORD) had its target price reduced by Berenberg Bank from GBX 65 to GBX 50 in a report published on Thursday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Stifel Nicolaus reissued a “hold” rating and set a GBX 19 price target on shares of Lords Group Trading in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 34.50.

Lords Group Trading Stock Up 2.0%

Shares of LORD opened at GBX 13 on Thursday. Lords Group Trading has a one year low of GBX 12.50 and a one year high of GBX 47. The stock has a market capitalization of £21.61 million, a price-to-earnings ratio of -4.85 and a beta of 1.30. The stock has a 50 day moving average price of GBX 16.39 and a 200 day moving average price of GBX 19.32. The company has a debt-to-equity ratio of 245.10, a quick ratio of 0.77 and a current ratio of 1.18.

Lords Group Trading (LON:LORD) last posted its quarterly earnings data on Wednesday, May 20th. The company reported GBX (3.82) earnings per share for the quarter. Lords Group Trading had a negative net margin of 0.93% and a negative return on equity of 10.04%. The firm had revenue of £472.80 million during the quarter. Equities research analysts forecast that Lords Group Trading will post 3.6 earnings per share for the current fiscal year.

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.