Lords Group Trading (LON:LORD) Shares Down 23.5% After Analyst Downgrade

Lords Group Trading plc (LON:LORD) shares traded down 23.5% during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 65 to GBX 50. Berenberg Bank currently has a buy rating on the stock. Lords Group Trading traded as low as GBX 12.50 and last traded at GBX 12.75. Approximately 2,514,540 shares traded hands during trading, an increase of 1,251% from the average session volume of 186,088 shares. The stock had previously closed at GBX 16.67.

Separately, Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 19 target price on shares of Lords Group Trading in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 34.50.

Lords Group Trading Price Performance

The firm’s fifty day moving average price is GBX 16.55 and its 200 day moving average price is GBX 19.44. The firm has a market capitalization of £21.20 million, a PE ratio of -4.76 and a beta of 1.30. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 245.10.

Lords Group Trading (LON:LORD) last issued its earnings results on Wednesday, May 20th. The company reported GBX (3.82) earnings per share (EPS) for the quarter. The business had revenue of £472.80 million for the quarter. Lords Group Trading had a negative return on equity of 10.04% and a negative net margin of 0.93%. As a group, equities analysts forecast that Lords Group Trading plc will post 3.6 earnings per share for the current year.

Lords Group Trading Company Profile

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.