Lords Group Trading (LON:LORD) Hits New 52-Week Low After Analyst Downgrade

Shares of Lords Group Trading plc (LON:LORD) hit a new 52-week low on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 90 to GBX 80. Berenberg Bank currently has a buy rating on the stock. Lords Group Trading traded as low as GBX 28 ($0.35) and last traded at GBX 30.41 ($0.38), with a volume of 309328 shares trading hands. The stock had previously closed at GBX 30.60 ($0.38).

Lords Group Trading Stock Down 0.6 %

The stock has a market capitalization of £50.45 million, a price-to-earnings ratio of -3,041.20 and a beta of 1.18. The company has a quick ratio of 0.77, a current ratio of 1.31 and a debt-to-equity ratio of 190.06. The business’s 50-day moving average is GBX 34.57 and its two-hundred day moving average is 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.