Shares of Lords Group Trading plc (LON:LORD – Get Free Report) traded up 1.4% during trading on Wednesday . The company traded as high as GBX 17.50 and last traded at GBX 17.50. 49,624 shares were traded during trading, a decline of 74% from the average session volume of 194,262 shares. The stock had previously closed at GBX 17.25.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank began coverage on shares of Lords Group Trading in a report on Tuesday, January 27th. They issued a “buy” rating and a GBX 65 price target on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 65.
Read Our Latest Report on LORD
Lords Group Trading Stock Down 2.7%
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.
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