Luceco (LON:LUCE) Price Target Raised to GBX 175

Luceco (LON:LUCE) had its price target upped by equities researchers at Berenberg Bank from GBX 165 to GBX 175 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 15.89% from the stock’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 190 price target on shares of Luceco in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 182.50.

Luceco Stock Up 7.1%

Shares of Luceco stock traded up GBX 10 on Thursday, hitting GBX 151. 2,278,202 shares of the company’s stock traded hands, compared to its average volume of 322,291. The stock has a market cap of £227.36 million, a P/E ratio of 16.24, a PEG ratio of 0.62 and a beta of 1.29. Luceco has a 52-week low of GBX 111.60 and a 52-week high of GBX 160.80. The firm’s 50-day moving average is GBX 132.58 and its 200 day moving average is GBX 131.02. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91.

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.