Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Luceco (LON:LUCE) Stock

Luceco (LON:LUCE) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 225 to GBX 260 in a research report issued on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 0.78% from the company’s current price.

Separately, Berenberg Bank lifted their price target on shares of Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 240.

Luceco Trading Up 7.5%

LUCE stock opened at GBX 258 on Wednesday. The company’s 50-day simple moving average is GBX 196.29 and its 200-day simple moving average is GBX 162.46. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. Luceco has a 52-week low of GBX 111.60 and a 52-week high of GBX 270. The firm has a market cap of £379.75 million, a P/E ratio of 19.25, a PEG ratio of 0.62 and a beta of 1.32.

Luceco (LON:LUCE) last announced its quarterly 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 analysts forecast that Luceco will post 12.5907591 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Will Hoy acquired 809 shares of the stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of GBX 222 per share, with a total value of £1,795.98. Also, insider John Hornby bought 810 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of GBX 222 per share, with a total value of £1,798.20. 24.11% of the stock is owned by corporate insiders.

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.