Shares of Lords Group Trading plc (LON:LORD – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 26 ($0.34) and last traded at GBX 26.59 ($0.35), with a volume of 66011 shares trading hands. The stock had previously closed at GBX 26.50 ($0.34).
Analysts Set New Price Targets
Separately, Berenberg Bank reduced their price objective on Lords Group Trading from GBX 90 ($1.17) to GBX 80 ($1.04) and set a “buy” rating on the stock in a research note on Tuesday, January 28th.
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Lords Group Trading Stock Performance
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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