Luceco (LON:LUCE) Insider John Hornby Sells 505,000 Shares

Luceco plc (LON:LUCE) 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.

John Hornby also recently made the following trade(s):

• On Tuesday, May 26th, John Hornby sold 1,000,000 shares of Luceco stock. The stock was sold at an average price of GBX 269, for a total transaction of £2,690,000.
• On Wednesday, May 27th, John Hornby sold 100,000 shares of Luceco stock. The shares were sold at an average price of GBX 276, for a total transaction of £276,000.

Luceco Trading Down 1.3%

Shares of Luceco stock traded down GBX 3 during trading on Monday, hitting GBX 220. The company’s stock had a trading volume of 287,832 shares, compared to its average volume of 846,203. The stock has a 50-day moving average price of GBX 249.20 and a two-hundred day moving average price of GBX 220.47. Luceco plc has a 52 week low of GBX 111.60 and a 52 week high of GBX 291. The stock has a market cap of £323.82 million, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LUCE shares. Peel Hunt reissued a “buy” rating and issued a GBX 300 price target on shares of Luceco in a report on Monday, August 10th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 price target on shares of Luceco in a research note on Monday, August 10th. Berenberg Bank boosted their target price on Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft lowered Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Luceco currently has a consensus rating of “Moderate Buy” and an average price target of GBX 295.

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.