Shanker Bhupendrabhai Patel Buys 1,400,000 Shares of Lords Group Trading (LON:LORD) Stock

Lords Group Trading plc (LON:LORD) insider Shanker Bhupendrabhai Patel purchased 1,400,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of GBX 21 per share, with a total value of £294,000.

Lords Group Trading Trading Up 3.5%

Shares of LON LORD opened at GBX 23.60 on Thursday. Lords Group Trading plc has a twelve month low of GBX 21 and a twelve month high of GBX 56. The firm has a market cap of £39.23 million, a PE ratio of -16.39 and a beta of 1.18. The business has a fifty day simple moving average of GBX 31.29 and a two-hundred day simple moving average of GBX 37.84. The company has a quick ratio of 0.77, a current ratio of 1.31 and a debt-to-equity ratio of 196.86.

Lords Group Trading (LON:LORD) last released its quarterly earnings data on Thursday, September 11th. The company reported GBX 1.35 earnings per share for the quarter. Lords Group Trading had a negative net margin of 0.40% and a negative return on equity of 3.69%. Analysts expect that Lords Group Trading plc will post 3.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their target price on Lords Group Trading from GBX 80 to GBX 65 and set a “buy” rating on the stock in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 65.

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.