Lords Group Trading (LON:LORD) Trading Down 2.2% – Here’s What Happened

Lords Group Trading plc (LON:LORDGet Free Report) shares traded down 2.2% during mid-day trading on Friday . The company traded as low as GBX 21.82 and last traded at GBX 21.91. 74,043 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 112,566 shares. The stock had previously closed at GBX 22.40.

Analyst Ratings Changes

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

Read Our Latest Research Report on Lords Group Trading

Lords Group Trading Stock Performance

The company has a fifty day moving average of GBX 25.40 and a two-hundred day moving average of GBX 35.21. The stock has a market capitalization of £36.42 million, a P/E ratio of -15.22 and a beta of 1.18. The company has a debt-to-equity ratio of 196.86, a current ratio of 1.31 and a quick ratio of 0.77.

Insider Buying and Selling

In other Lords Group Trading news, insider Stuart Kilpatrick acquired 30,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was purchased at an average price of GBX 23 per share, with a total value of £6,900. Also, insider Shanker Bhupendrabhai Patel bought 1,400,000 shares of the stock in a transaction on Monday, November 17th. The shares were acquired 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 insiders.

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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