Berenberg Bank Issues Positive Forecast for Luceco (LON:LUCE) Stock Price

Luceco (LON:LUCE) had its target price hoisted by Berenberg Bank from GBX 160 to GBX 165 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 190 price objective on shares of Luceco in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Luceco currently has an average rating of “Buy” and a consensus price target of GBX 177.50.

Luceco Stock Performance

Shares of Luceco stock opened at GBX 141.19 on Tuesday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51. The firm has a market cap of £212.59 million, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The stock’s 50-day moving average is GBX 130.73 and its 200-day moving average is GBX 136.10. Luceco has a one year low of GBX 108.26 and a one year high of GBX 160.80.

Luceco (LON:LUCE) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. Equities analysts predict that Luceco will post 12.5907591 earnings per share for the current fiscal year.

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.