Luceco (LON:LUCE) Price Target Raised to GBX 260 at Deutsche Bank Aktiengesellschaft

Luceco (LON:LUCE – Get Free Report) had its target price lifted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 225 to GBX 260 in a report released on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 0.78% from the stock’s current price.

Separately, Berenberg Bank raised their price objective on Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 240.

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Luceco Trading Up 7.5%

LUCE opened at GBX 258 on Wednesday. The stock has a market capitalization of £379.75 million, a PE ratio of 19.25, a P/E/G ratio of 0.62 and a beta of 1.32. Luceco has a one year low of GBX 111.60 and a one year high of GBX 270. The company has a debt-to-equity ratio of 60.83, a quick ratio of 1.51 and a current ratio of 1.90. The business’s 50 day moving average price is GBX 196.29 and its 200 day moving average price is GBX 162.46.

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

Insider Buying and Selling

In other news, insider John Hornby purchased 810 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of GBX 222 per share, for a total transaction of £1,798.20. Also, insider Will Hoy purchased 809 shares of the stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average price of GBX 222 per share, with a total value of £1,795.98. Company insiders own 24.11% of the company’s stock.

About Luceco

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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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