Will Hoy Acquires 18,820 Shares of Luceco (LON:LUCE) Stock

Luceco plc (LON:LUCE) insider Will Hoy purchased 18,820 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of GBX 266 per share, for a total transaction of £50,061.20.

Will Hoy also recently made the following trade(s):

• On Tuesday, May 5th, Will Hoy acquired 809 shares of Luceco stock. The shares were acquired at an average price of GBX 222 per share, with a total value of £1,795.98.

Luceco Stock Up 2.7%

Shares of LON LUCE traded up GBX 6.96 during mid-day trading on Thursday, hitting GBX 263.98. The company had a trading volume of 553,957 shares, compared to its average volume of 814,884. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 60.83. The firm has a 50-day simple moving average of GBX 238.35 and a two-hundred day simple moving average of GBX 182.51. The company has a market capitalization of £388.56 million, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35. Luceco plc has a one year low of GBX 111.60 and a one year high of GBX 291.

Luceco (LON:LUCE) last released 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%. On average, equities analysts expect that Luceco plc will post 12.5907591 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank upped their target price on shares of Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 320 target price on shares of Luceco in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 260.

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.