Luceco (LON:LUCE) Price Target Raised to GBX 300

Luceco (LON:LUCE) had its target price hoisted by Berenberg Bank from GBX 270 to GBX 300 in a research note released on Tuesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

LUCE has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 target price on shares of Luceco in a research note on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 267.50.

Luceco Trading Down 1.3%

Shares of LUCE stock opened at GBX 215.13 on Tuesday. Luceco has a 12-month low of GBX 111.60 and a 12-month high of GBX 291. The company has a market capitalization of £316.65 million, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. The firm has a 50 day moving average price of GBX 263.81 and a two-hundred day moving average price of GBX 210.47. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83.

Insider Buying and Selling

In related news, insider Janet Ryan bought 3,706 shares of Luceco stock in a transaction dated Wednesday, July 1st. The shares were bought at an average cost of GBX 270 per share, with a total value of £10,006.20. Also, insider Will Hoy acquired 18,820 shares of Luceco stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of GBX 266 per share, for a total transaction of £50,061.20. In 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 corporate 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.