Lords Group Trading (LON:LORD) Earns Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Lords Group Trading (LON:LORD) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 80 ($1.06) price objective on the stock.

Lords Group Trading Stock Up 11.9 %

Shares of LON LORD opened at GBX 33 ($0.44) on Thursday. The company’s 50 day moving average price is GBX 26.50 and its 200-day moving average price is GBX 31.53. The company has a debt-to-equity ratio of 196.86, a quick ratio of 0.77 and a current ratio of 1.31. Lords Group Trading has a 52-week low of GBX 23.60 ($0.31) and a 52-week high of GBX 50 ($0.67). The company has a market capitalization of £52.70 million, a P/E ratio of -29.36 and a beta of 1.18.

Lords Group Trading (LON:LORD) last released its earnings results on Thursday, May 8th. The company reported GBX 1.85 ($0.02) earnings per share (EPS) for the quarter. Lords Group Trading had a negative net margin of 0.40% and a negative return on equity of 3.69%. Equities analysts forecast that Lords Group Trading will post 3.6 earnings per share for the current year.

Insider Buying and Selling at Lords Group Trading

In other news, insider Sheena Mackay bought 64,695 shares of Lords Group Trading stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of GBX 31 ($0.41) per share, for a total transaction of £20,055.45 ($26,680.13). Insiders own 63.19% of the company’s stock.

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.