Lords Group Trading (LON:LORD) Trading Up 2.7% – Here’s Why

Lords Group Trading plc (LON:LORD)’s share price was up 2.7% during mid-day trading on Wednesday . The company traded as high as GBX 23.93 and last traded at GBX 23.93. Approximately 476,565 shares traded hands during mid-day trading, an increase of 317% from the average daily volume of 114,382 shares. The stock had previously closed at GBX 23.30.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on Lords Group Trading from GBX 80 to GBX 65 and set a “buy” rating for the company in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 65.

Lords Group Trading Stock Performance

The stock’s 50-day moving average price is GBX 28.50 and its 200-day moving average price is GBX 36.92. The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 196.86. The company has a market capitalization of £39.78 million, a P/E ratio of -16.62 and a beta of 1.18.

Lords Group Trading (LON:LORD) last announced 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%. As a group, equities analysts expect that Lords Group Trading plc will post 3.6 EPS for the current year.

Insider Activity at Lords Group Trading

In related news, insider Stuart Kilpatrick acquired 30,000 shares of Lords Group Trading stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of GBX 23 per share, for a total transaction of £6,900. Also, insider Shanker Bhupendrabhai Patel acquired 1,400,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of GBX 21 per share, with a total value of £294,000. 34.63% of the stock is currently owned by corporate insiders.

Lords Group Trading Company Profile

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.