Berenberg Bank Has Lowered Expectations for Lords Group Trading (LON:LORD) Stock Price

Lords Group Trading (LON:LORDGet Free Report) had its target price lowered by research analysts at Berenberg Bank from GBX 90 ($1.12) to GBX 80 ($1.00) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 152.64% from the stock’s previous close.

Lords Group Trading Price Performance

LON:LORD opened at GBX 31.67 ($0.39) on Tuesday. The stock’s 50-day simple moving average is GBX 34.35 and its 200 day simple moving average is GBX 38.10. Lords Group Trading has a 52-week low of GBX 28 ($0.35) and a 52-week high of GBX 56.50 ($0.70). The company has a debt-to-equity ratio of 190.06, a quick ratio of 0.77 and a current ratio of 1.31. The company has a market cap of £52.53 million, a P/E ratio of -3,166.60 and a beta of 1.18.

Lords Group Trading Company Profile

(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.

Further Reading

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