Insider Selling: Luceco (LON:LUCE) Insider Sells 100,000 Shares of Stock

Luceco plc (LON:LUCE) insider John Hornby sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of GBX 276, for a total transaction of £276,000.

John Hornby also recently made the following trade(s):

• On Tuesday, May 26th, John Hornby sold 1,000,000 shares of Luceco stock. The shares were sold at an average price of GBX 269, for a total transaction of £2,690,000.
• On Tuesday, May 5th, John Hornby acquired 810 shares of Luceco stock. The stock was acquired at an average cost of GBX 222 per share, for a total transaction of £1,798.20.

Luceco Stock Performance

Shares of LON:LUCE traded down GBX 4 during midday trading on Wednesday, reaching GBX 274. The company’s stock had a trading volume of 4,247,586 shares, compared to its average volume of 826,968. 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 fifty day moving average of GBX 206.54 and a 200 day moving average of GBX 167.23. Luceco plc has a twelve month low of GBX 111.60 and a twelve month high of GBX 288. The firm has a market capitalization of £403.30 million, a PE ratio of 20.45, a P/E/G ratio of 0.62 and a beta of 1.32.

Luceco (LON:LUCE) last posted its earnings results on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a net margin of 7.48% and a return on equity of 20.71%. On average, equities analysts expect that Luceco plc will post 12.5907591 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Luceco currently has a consensus rating of “Buy” and an average price target of GBX 240.

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.