Berenberg Bank Reaffirms Buy Rating for Luceco (LON:LUCE)

Luceco (LON:LUCE)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 300 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 35.75% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 320 target price on shares of Luceco in a report on Monday, August 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 price target on shares of Luceco in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a report 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.com, Luceco has a consensus rating of “Moderate Buy” and an average target price of GBX 295.

Luceco Price Performance

Shares of LUCE opened at GBX 221 on Tuesday. Luceco has a 12-month low of GBX 123 and a 12-month high of GBX 291. The business has a 50-day simple moving average of GBX 228.42 and a two-hundred day simple moving average of GBX 228.26. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 78.23. The stock has a market cap of £325.29 million, a PE ratio of 16.49, a PEG ratio of 0.62 and a beta of 1.34.

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

Insider Activity at Luceco

In related news, insider John Hornby sold 505,000 shares of the firm’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 transaction of £1,131,200. Also, insider Janet Ryan bought 3,706 shares of the stock in a transaction on Wednesday, July 1st. The stock was acquired at an average price of GBX 270 per share, with a total value of £10,006.20. Company insiders own 23.25% of the company’s stock.

More Luceco News

Here are the key news stories impacting Luceco this week:

• Positive Sentiment: Revenue and profit growth: First-half revenue increased 13.4% to £142.6 million, while the company reported higher underlying earnings and a stronger bottom line. Luceco H1 Revenue Rises 13.4%
• Positive Sentiment: Upgraded full-year outlook: Luceco raised its profit expectations for fiscal 2026, citing continued momentum from the energy transition, electrification and related infrastructure demand. Energy transition powers Luceco to upgraded profit outlook
• Positive Sentiment: Analyst support remains strong: Berenberg reaffirmed its Buy rating with a GBX 300 price target, while Jefferies analyst Andrew Douglas also reiterated a Buy view based on Luceco’s operational momentum and improved outlook. Jefferies Buy rating
• Neutral Sentiment: Acquisition ambitions: Management indicated that Luceco is seeking acquisitions, potentially adding growth opportunities but also introducing execution, valuation and capital-allocation risks. Luceco seeks acquisitions
• Negative Sentiment: Shares slipped after the results: The modest decline suggests investors may be locking in gains or focusing on valuation and the need for further execution, rather than treating the strong H1 figures and upgraded guidance as a fresh catalyst. Luceco 2026 first-half earnings call

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.