Deutsche Bank Aktiengesellschaft downgraded shares of Luceco (LON:LUCE – Free Report) to a hold rating in a research note issued to investors on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has GBX 260 target price on the stock.
Several other brokerages have also issued reports on LUCE. Berenberg Bank raised their price objective on Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 target price on shares of Luceco in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 267.50.
Read Our Latest Report on Luceco
Luceco Price Performance
Insider Buying and Selling
In related news, insider Janet Ryan bought 3,706 shares of the stock in a transaction on Wednesday, July 1st. The shares were bought at an average cost of GBX 270 per share, for a total transaction of £10,006.20. Also, insider John Hornby sold 100,000 shares of Luceco stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of GBX 276, for a total value of £276,000. Over the last 90 days, insiders purchased 24,145 shares of company stock valued at $6,366,158 and sold 3,355,000 shares valued at $903,195,000. 23.59% of the stock is owned by company 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.
Further Reading
- Five stocks we like better than Luceco
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
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.
