Insider Selling: Luceco (LON:LUCE) Insider Sells 1,780,000 Shares of Stock

Luceco plc (LON:LUCE) insider Giles Brand sold 1,780,000 shares of Luceco stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of GBX 269, for a total value of £4,788,200.

Giles Brand also recently made the following trade(s):

• On Tuesday, May 26th, Giles Brand sold 475,000 shares of Luceco stock. The stock was sold at an average price of GBX 269, for a total transaction of £1,277,750.

Luceco Price Performance

Shares of LON:LUCE traded down GBX 4 during midday trading on Wednesday, hitting GBX 274. The stock had a trading volume of 4,247,586 shares, compared to its average volume of 826,968. Luceco plc has a fifty-two week low of GBX 111.60 and a fifty-two week high of GBX 288. The company has a market capitalization of £403.30 million, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.62 and a beta of 1.32. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. The company’s 50-day moving average price is GBX 206.54 and its 200-day moving average price is GBX 167.23.

Luceco (LON:LUCE) last issued its earnings results on Wednesday, March 25th. The company reported GBX 15 earnings per share 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 predict that Luceco plc will post 12.5907591 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LUCE shares. Berenberg Bank lifted their price target on Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 240.

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.