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

Lords Group Trading plc (LON:LORD)’s share price rose 6.6% during mid-day trading on Thursday . The company traded as high as GBX 17.88 and last traded at GBX 17.73. 325,550 shares traded hands during mid-day trading, an increase of 87% from the average session volume of 173,837 shares. The stock had previously closed at GBX 16.62.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LORD. Stifel Nicolaus restated a “hold” rating and set a GBX 19 price objective on shares of Lords Group Trading in a research report on Wednesday, May 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 65 target price on shares of Lords Group Trading in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lords Group Trading currently has an average rating of “Moderate Buy” and an average price target of GBX 42.

Lords Group Trading Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 245.10. The firm has a 50-day moving average price of GBX 16.64 and a two-hundred day moving average price of GBX 19.81. The firm has a market cap of £29.47 million, a PE ratio of -6.62 and a beta of 1.30.

Lords Group Trading (LON:LORD) last issued its quarterly earnings results on Wednesday, May 20th. The company reported GBX (3.82) EPS for the quarter. Lords Group Trading had a negative return on equity of 10.04% and a negative net margin of 0.93%.The firm had revenue of £472.80 million for the quarter. Research analysts forecast that Lords Group Trading plc will post 3.6 EPS 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.