Luceco’s (LUCE) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Luceco (LON:LUCE) in a research note issued to investors on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 320 price target on the stock.

LUCE has been the topic of several other reports. Deutsche Bank Aktiengesellschaft boosted 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. Berenberg Bank increased their target price on shares of Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 267.50.

Luceco Stock Performance

Shares of Luceco stock opened at GBX 214 on Wednesday. Luceco has a 52 week low of GBX 111.60 and a 52 week high of GBX 291. The business’s fifty day simple moving average is GBX 262.71 and its 200-day simple moving average is GBX 210.49. The firm has a market cap of £314.99 million, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83.

Insider Transactions at Luceco

In other news, insider Will Hoy purchased 18,820 shares of the stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of GBX 266 per share, for a total transaction of £50,061.20. Also, insider John Hornby sold 1,000,000 shares of Luceco stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of GBX 269, for a total value of £2,690,000. Over the last three months, insiders have purchased 24,145 shares of company stock valued at $6,366,158 and have sold 3,355,000 shares valued at $903,195,000. Corporate insiders own 23.59% of the company’s stock.

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.