Luceco (LON:LUCE) Earns Buy Rating from Peel Hunt

Luceco (LON:LUCE)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 190 target price on the stock. Peel Hunt’s price objective indicates a potential upside of 33.80% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 160 price objective on shares of Luceco in a report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Luceco presently has an average rating of “Buy” and an average target price of GBX 175.

Luceco Trading Up 6.0%

Luceco stock traded up GBX 8 during mid-day trading on Tuesday, hitting GBX 142. The company’s stock had a trading volume of 440,546 shares, compared to its average volume of 202,665. The stock has a market cap of £213.81 million, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. Luceco has a 12 month low of GBX 108.26 and a 12 month high of GBX 160.80. The business has a 50 day moving average price of GBX 130.25 and a 200-day moving average price of GBX 136.03. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51.

Luceco (LON:LUCE) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. As a group, analysts forecast that Luceco will post 12.5907591 EPS for the current year.

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.