Luceco (LON:LUCE) Stock Keeps “Buy” Rating at Berenberg Bank

Luceco (LON:LUCE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 300 price objective on the stock. Berenberg Bank‘s target price indicates a potential upside of 47.78% from the stock’s current price.

A number of other equities research analysts also recently issued reports on LUCE. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Luceco in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price objective for the company. in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 320 target price on shares of Luceco in a research report on Monday, August 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 295.

Luceco Stock Performance

LON LUCE opened at GBX 203 on Tuesday. Luceco has a 1 year low of GBX 127 and a 1 year high of GBX 291. The company has a debt-to-equity ratio of 78.23, a current ratio of 2.16 and a quick ratio of 1.51. The firm has a market cap of £298.80 million, a price-to-earnings ratio of 14.82, a PEG ratio of 0.62 and a beta of 1.29. The company has a fifty day moving average price of GBX 216.09 and a 200-day moving average price of GBX 210.89.

Luceco (LON:LUCE) last announced its earnings results on Tuesday, September 22nd. The company reported GBX 4.60 EPS for the quarter. Luceco had a net margin of 7.15% and a return on equity of 19.62%. As a group, equities research analysts predict that Luceco will post 12.59 EPS for the current fiscal year.

Insider Transactions at Luceco

In other news, insider John Hornby sold 505,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of GBX 224, for a total transaction of £1,131,200. 23.25% of the stock is owned by company insiders.

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.