Luceco (LON:LUCE) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Luceco (LON:LUCEGet Free Report) had its price target boosted by Berenberg Bank from GBX 200 to GBX 270 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 13.45% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Luceco from GBX 220 to GBX 225 and gave the company a “buy” rating in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 228.33.

Check Out Our Latest Analysis on Luceco

Luceco Stock Performance

Luceco stock opened at GBX 238 on Tuesday. The company has a 50 day moving average price of GBX 194.81 and a 200-day moving average price of GBX 161.73. The company has a debt-to-equity ratio of 60.83, a quick ratio of 1.51 and a current ratio of 1.90. Luceco has a fifty-two week low of GBX 111.60 and a fifty-two week high of GBX 248. The company has a market capitalization of £350.31 million, a PE ratio of 17.76, a P/E/G ratio of 0.62 and a beta of 1.32.

Luceco (LON:LUCEGet Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported GBX 15 earnings per share for the quarter. Luceco had a net margin of 7.48% and a return on equity of 20.71%. As a group, equities analysts forecast that Luceco will post 12.5907591 earnings per share for the current year.

Insider Buying and Selling

In other Luceco news, insider John Hornby acquired 810 shares of Luceco stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of GBX 222 per share, with a total value of £1,798.20. Also, insider Will Hoy acquired 809 shares of Luceco stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of GBX 222 per share, with a total value of £1,795.98. Insiders own 24.11% of the company’s stock.

About Luceco

(Get Free Report)

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.

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