Luceco (LON:LUCE – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, London Stock Exchange reports. They currently have a GBX 325 price objective on the stock. Jefferies Financial Group‘s target price suggests a potential upside of 63.41% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on LUCE. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 target price on shares of Luceco in a research report on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 300 price target on shares of Luceco in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 296.25.
View Our Latest Stock Analysis on Luceco
Luceco Stock Down 4.8%
Shares of LUCE traded down GBX 10.11 during trading hours on Tuesday, hitting GBX 198.89. 5,908,308 shares of the company were exchanged, compared to its average volume of 803,373. The company has a market cap of £292.75 million, a PE ratio of 14.52, a PEG ratio of 0.62 and a beta of 1.29. The firm’s 50 day moving average is GBX 216.09 and its 200-day moving average is GBX 210.89. Luceco has a 52 week low of GBX 127 and a 52 week high of GBX 291. The company has a debt-to-equity ratio of 78.23, a quick ratio of 1.51 and a current ratio of 2.16.
Luceco (LON:LUCE – Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.60 EPS for the quarter. Luceco had a return on equity of 19.62% and a net margin of 7.15%. On average, equities research analysts forecast that Luceco will post 12.59 EPS for the current fiscal year.
Insider Activity
In other news, insider John Hornby sold 505,000 shares of Luceco stock in a transaction dated Friday, August 21st. The stock was sold at an average price of GBX 224, for a total value of £1,131,200. Corporate insiders own 23.25% of the company’s stock.
About Luceco
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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