Luceco (LON:LUCE) Shares Cross Below 50-Day Moving Average – Time to Sell?

Luceco plc (LON:LUCE) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 253.53 and traded as low as GBX 228. Luceco shares last traded at GBX 228, with a volume of 228,910 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on LUCE. Peel Hunt reissued a “buy” rating and issued a GBX 300 target price on shares of Luceco in a report on Monday, August 10th. Berenberg Bank upped their price target on shares of Luceco from GBX 270 to GBX 300 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 price objective on shares of Luceco in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Luceco to a “hold” rating and set a GBX 260 price target for the company. in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

Luceco Stock Up 1.4%

The company has a market capitalization of £331.18 million, a PE ratio of 16.79, a P/E/G ratio of 0.62 and a beta of 1.34. The business has a 50-day moving average of GBX 252.64 and a 200 day moving average of GBX 219.05. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51.

Insider Buying and Selling at Luceco

In other Luceco news, insider John Hornby sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total transaction of £2,690,000. Also, insider Giles Brand sold 1,780,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of GBX 269, for a total value of £4,788,200. Insiders have sold 3,355,000 shares of company stock worth $903,195,000 over the last three months. 23.59% of the stock is owned by company 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.