Luceco (LON:LUCE) Earns “Buy” Rating from Jefferies Financial Group

Luceco (LON:LUCE)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 320 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 29.82% from the company’s current price.

A number of other equities research analysts have also weighed in on LUCE. Berenberg Bank lifted their price objective on Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 260.

Luceco Price Performance

Shares of LUCE stock opened at GBX 246.50 on Tuesday. The firm has a market cap of £362.82 million, a P/E ratio of 18.40, a P/E/G ratio of 0.62 and a beta of 1.35. Luceco has a fifty-two week low of GBX 111.60 and a fifty-two week high of GBX 291. The business’s 50 day moving average price is GBX 235.49 and its 200-day moving average price is GBX 180.79. The company has a debt-to-equity ratio of 60.83, a quick ratio of 1.51 and a current ratio of 1.90.

Luceco (LON:LUCE) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Luceco will post 12.5907591 earnings per share for the current year.

Insider Buying and Selling at Luceco

In related news, insider Will Hoy acquired 809 shares of the stock in a transaction on Tuesday, May 5th. The stock was acquired at an average price of GBX 222 per share, for a total transaction of £1,795.98. Also, insider Giles Brand sold 1,780,000 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 £4,788,200. Over the last 90 days, insiders sold 3,355,000 shares of company stock worth $903,195,000. 23.57% of the stock is owned by 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.