Lords Group Trading (LON:LORD) Given New GBX 80 Price Target at Berenberg Bank

Lords Group Trading (LON:LORD) had its price target decreased by equities researchers at Berenberg Bank from GBX 90 ($1.12) to GBX 80 ($1.00) in a report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 163.05% from the stock’s current price.

Lords Group Trading Stock Down 0.6 %

Shares of LORD stock traded down GBX 0.19 ($0.00) on Tuesday, reaching GBX 30.41 ($0.38). 309,328 shares of the company were exchanged, compared to its average volume of 110,900. The company has a debt-to-equity ratio of 190.06, a current ratio of 1.31 and a quick ratio of 0.77. Lords Group Trading has a one year low of GBX 28 ($0.35) and a one year high of GBX 56.50 ($0.70). The company has a market cap of £50.45 million, a price-to-earnings ratio of -3,041.20 and a beta of 1.18. The company has a 50-day moving average of GBX 34.57 and a 200-day moving average of GBX 38.23.

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.