Berenberg Bank Reaffirms “Buy” Rating for Lords Group Trading (LON:LORD)

Berenberg Bank reissued their buy rating on shares of Lords Group Trading (LON:LORD) in a report issued on Tuesday, MarketBeat.com reports. The firm currently has a GBX 90 ($1.18) price target on the stock.

Lords Group Trading Stock Performance

Shares of LON:LORD opened at GBX 42.50 ($0.56) on Tuesday. The company has a market capitalization of £70.50 million, a price-to-earnings ratio of 4,250.00 and a beta of 1.18. Lords Group Trading has a 12 month low of GBX 36 ($0.47) and a 12 month high of GBX 63 ($0.82). The firm’s 50-day moving average is GBX 42.39 and its 200 day moving average is GBX 46.05. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 194.50.

Lords Group Trading Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 19th will be paid a GBX 0.32 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 0.82%. Lords Group Trading’s dividend payout ratio is currently 20,000.00%.

Lords Group Trading Company Profile

Lords Group Trading plc distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers. The company operates in two divisions, Merchanting; and Plumbing and Heating. It also distributes heating and plumbing products to a network of independent merchants, installers, and general public.