Lords Group Trading (LON:LORD) Trading 6.6% Higher – Here’s What Happened

Lords Group Trading plc (LON:LORDGet Free Report) shares were up 6.6% on Thursday . The company traded as high as GBX 17.88 and last traded at GBX 17.73. 325,550 shares changed hands during trading, an increase of 87% from the average daily volume of 173,837 shares. The stock had previously closed at GBX 16.62.

Analysts Set New Price Targets

Several analysts recently issued reports on LORD shares. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 19 price objective on shares of Lords Group Trading in a research note on Wednesday, May 20th. Berenberg Bank restated a “buy” rating and set a GBX 65 target price on shares of Lords Group Trading in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Lords Group Trading has an average rating of “Moderate Buy” and an average target price of GBX 42.

Read Our Latest Research Report on LORD

Lords Group Trading Stock Up 6.6%

The company has a debt-to-equity ratio of 245.10, a quick ratio of 0.77 and a current ratio of 1.18. The business has a 50 day simple moving average of GBX 16.64 and a 200-day simple moving average of GBX 19.81. The firm has a market capitalization of £29.47 million, a price-to-earnings ratio of -6.62 and a beta of 1.30.

Lords Group Trading (LON:LORDGet Free Report) last announced its quarterly earnings results 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 for the quarter. On average, equities analysts expect that Lords Group Trading plc will post 3.6 EPS for the current year.

About Lords Group Trading

(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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