Berenberg Bank Begins Coverage on Lords Group Trading (LON:LORD)

Analysts at Berenberg Bank assumed coverage on shares of Lords Group Trading (LON:LORD) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a GBX 65 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 155.91% from the stock’s previous close.

Lords Group Trading Stock Down 4.2%

Shares of LORD opened at GBX 25.40 on Tuesday. The stock’s 50-day moving average price is GBX 23.40 and its two-hundred day moving average price is GBX 32.09. Lords Group Trading has a 12 month low of GBX 21 and a 12 month high of GBX 56. The company has a market capitalization of £42.22 million, a PE ratio of -17.64 and a beta of 1.18. The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 196.86.

Insider Activity at Lords Group Trading

In other news, insider Stuart Kilpatrick purchased 30,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were purchased 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 firm’s stock in a transaction dated Monday, November 17th. The shares were purchased 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 company 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.