Lords Group Trading plc (LON:LORD – Get Free Report) shares hit a new 52-week low on Friday 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 13, with a volume of 5035660 shares trading hands. The stock had previously closed at GBX 12.75.
Separately, Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 19 price objective on shares of Lords Group Trading in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 34.50.
Read Our Latest Research Report on Lords Group Trading
Lords Group Trading Price Performance
Lords Group Trading (LON:LORD – Get Free Report) last released its earnings results on Wednesday, May 20th. The company reported GBX (3.82) earnings per share for the quarter. Lords Group Trading had a negative net margin of 0.93% and a negative return on equity of 10.04%. The company had revenue of £472.80 million for the quarter. Research analysts anticipate 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.
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