Luceco (LON:LUCE) Given “Buy” Rating at Peel Hunt

Peel Hunt restated their buy rating on shares of Luceco (LON:LUCE) in a research report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 190 target price on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 price target on shares of Luceco in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Luceco presently has a consensus rating of “Buy” and an average price target of GBX 177.50.

Luceco Stock Performance

Shares of LUCE stock opened at GBX 141.88 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 50-day moving average of GBX 130.73 and a 200-day moving average of GBX 136.10. Luceco has a one year low of GBX 108.26 and a one year high of GBX 160.80. The company has a market cap of £213.62 million, a P/E ratio of 15.26, a P/E/G ratio of 0.62 and a beta of 1.29.

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

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.