Berenberg Bank Lowers Lords Group Trading (LON:LORD) Price Target to GBX 80

Lords Group Trading (LON:LORD) had its price objective cut by Berenberg Bank from GBX 90 ($1.12) to GBX 80 ($0.99) in a report issued on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Lords Group Trading Stock Performance

Shares of LORD opened at GBX 33 ($0.41) on Tuesday. The firm has a market cap of £54.74 million, a price-to-earnings ratio of -3,300.00 and a beta of 1.18. The company’s fifty day moving average is GBX 34.29 and its 200-day moving average is GBX 38.07. The company has a quick ratio of 0.77, a current ratio of 1.31 and a debt-to-equity ratio of 190.06. Lords Group Trading has a 12 month low of GBX 28 ($0.35) and a 12 month high of GBX 56.50 ($0.70).

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.