Lords Group Trading plc (LON:LORD – Get Free Report)’s stock price rose 9.2% during mid-day trading on Tuesday . The company traded as high as GBX 18.70 and last traded at GBX 18.70. Approximately 105,909 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 203,759 shares. The stock had previously closed at GBX 17.12.
Analyst Ratings Changes
Separately, Berenberg Bank initiated coverage on Lords Group Trading in a research report on Tuesday, January 27th. They issued a “buy” rating and a GBX 65 target price on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 65.
Read Our Latest Report on Lords Group Trading
Lords Group Trading Stock Down 8.0%
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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