Luceco plc (LON:LUCE – Get Free Report) traded down 1.2% during mid-day trading on Wednesday . The company traded as low as GBX 251 and last traded at GBX 257.85. 286,542 shares were traded during mid-day trading, a decline of 65% from the average session volume of 808,132 shares. The stock had previously closed at GBX 261.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 target price on shares of Luceco in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Berenberg Bank boosted their price objective on Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 260.
Check Out Our Latest Analysis on LUCE
Luceco Price Performance
Insider Buying and Selling
In related news, insider Janet Ryan purchased 3,706 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average cost of GBX 270 per share, with a total value of £10,006.20. Also, insider John Hornby sold 1,000,000 shares of Luceco stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total value of £2,690,000. Over the last three months, insiders have bought 24,145 shares of company stock valued at $6,366,158 and have sold 3,355,000 shares valued at $903,195,000. 23.59% of the stock is currently owned by corporate insiders.
Luceco Company Profile
Luceco plc manufactures and distributes wiring accessories and LED lighting and portable power products in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It offers wiring accessories, including switches and sockets, circuit protection products, outdoor wiring devices, junction boxes, cable management products, and commercial power and accessories under the British General and Nexus brands. The company also provides LED lighting products, such as residential and commercial, interior and exterior, mains and solar, and work and site lighting products under the Luceco, Kingfisher Lighting, and DW Windsor brand names; and portable power products comprising electric vehicle chargers, extension leads, cable reels, and adapters and accessories under the Masterplug, Ross, and Sync EV brands.
See Also
- Five stocks we like better than Luceco
- Plugging In: How Kinder Morgan Powers Up Profits
- Freeport McMoRan Post-Earnings: Why Good Enough May Finally Be Good Enough
- TSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing Power
- Tesla Just Delivered Record Sales—So Why Did the Stock Sell Off?
Receive News & Ratings for Luceco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luceco and related companies with MarketBeat.com's FREE daily email newsletter.
