Luceco (LON:LUCE) Given “Buy” Rating at Jefferies Financial Group

Luceco (LON:LUCE)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 320 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 41.59% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank upped their price objective on shares of Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft cut shares of Luceco to a “hold” rating and set a GBX 260 price objective for the company. in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 267.50.

Luceco Price Performance

Shares of LUCE opened at GBX 226 on Monday. Luceco has a 12-month low of GBX 111.60 and a 12-month high of GBX 291. The business’s fifty day moving average is GBX 258.04 and its 200 day moving average is GBX 214.34. 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 stock has a market cap of £332.65 million, a P/E ratio of 16.87, a P/E/G ratio of 0.62 and a beta of 1.38.

Insider Buying and Selling

In related news, insider John Hornby sold 1,000,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total transaction of £2,690,000. Also, insider Giles Brand sold 1,780,000 shares of the 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. Insiders have sold 3,355,000 shares of company stock worth $903,195,000 over the last three months. Company insiders own 23.59% 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.