Luceco (LON:LUCE) Earns “Buy” Rating from Berenberg Bank

Luceco (LON:LUCE)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Tuesday, September 22nd, Digital Look reports. They presently have a GBX 300 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 40.19% from the company’s current price.

Several other research analysts have also weighed in on LUCE. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 320 price objective on shares of Luceco in a research report on Monday, August 10th. Peel Hunt reissued a “buy” rating and set a GBX 300 price objective on shares of Luceco in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Luceco to a “hold” rating and set a GBX 260 price target for the company. in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295.

Luceco Price Performance

LUCE traded down GBX 3 during trading on Tuesday, reaching GBX 214. The company’s stock had a trading volume of 190,883 shares, compared to its average volume of 798,403. The company has a market cap of £314.99 million, a price-to-earnings ratio of 15.97, a PEG ratio of 0.62 and a beta of 1.34. The firm has a fifty day simple moving average of GBX 225.87 and a two-hundred day simple moving average of GBX 229.34. Luceco has a 1 year low of GBX 126 and a 1 year high of GBX 291. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 78.23.

Luceco (LON:LUCE) last posted its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.62% and a net margin of 7.15%. As a group, analysts anticipate that Luceco will post 12.5907591 EPS for the current year.

Insider Activity at Luceco

In other Luceco news, insider John Hornby sold 505,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of GBX 224, for a total value of £1,131,200. Also, insider Janet Ryan acquired 3,706 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of GBX 270 per share, with a total value of £10,006.20. Insiders own 23.25% 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.