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

Lords Group Trading (LON:LORD) had its price objective reduced by Berenberg Bank from GBX 90 ($1.12) to GBX 80 ($1.00) in a research note published on Tuesday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Lords Group Trading Price Performance

Lords Group Trading stock opened at GBX 31.30 ($0.39) on Tuesday. The stock has a market cap of £51.92 million, a P/E ratio of -3,130.00 and a beta of 1.18. The company has a fifty day simple moving average of GBX 34.45 and a 200-day simple moving average of GBX 38.15. Lords Group Trading has a 12-month low of GBX 28 ($0.35) and a 12-month high of GBX 56.50 ($0.70). The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 190.06.

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.