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

Shares of Lords Group Trading plc (LON:LORD) dropped 23.5% during mid-day 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 mid-day trading, an increase of 1,251% from the average daily volume of 186,088 shares. The stock had previously closed at GBX 16.67.

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

Lords Group Trading Trading Down 23.5%

The company’s 50-day moving average price is GBX 16.55 and its 200-day moving average price is GBX 19.44. The firm has a market cap of £21.20 million, a price-to-earnings ratio of -4.76 and a beta of 1.30. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 245.10.

Lords Group Trading (LON:LORD) last released its quarterly earnings results on Wednesday, May 20th. The company reported GBX (3.82) earnings per share for the quarter. The company 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%. Equities analysts expect that Lords Group Trading plc will post 3.6 EPS for the current fiscal year.

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.