Luceco (LON:LUCE) Insider Buys £10,006.20 in Stock

Luceco plc (LON:LUCE) insider Janet Ryan purchased 3,706 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 270 per share, for a total transaction of £10,006.20.

Luceco Stock Performance

Shares of LON LUCE opened at GBX 270.91 on Wednesday. The company has a 50 day simple moving average of GBX 250.83 and a two-hundred day simple moving average of GBX 190.86. The stock has a market cap of £398.76 million, a price-to-earnings ratio of 20.22, a PEG ratio of 0.62 and a beta of 1.34. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 60.83. Luceco plc has a 12 month low of GBX 111.60 and a 12 month high of GBX 291.

Analyst Ratings Changes

Several research firms have commented on LUCE. Deutsche Bank Aktiengesellschaft upped their price target on shares of Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a report on Wednesday, May 20th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 price objective on shares of Luceco in a research note on Tuesday, June 16th. Finally, Berenberg Bank boosted their price objective on Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Luceco presently has a consensus rating of “Buy” and a consensus price target of GBX 260.

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.