Luceco (LON:LUCE) Trading 2% Higher – Should You Buy?

Luceco plc (LON:LUCE) rose 2% during trading on Wednesday . The company traded as high as GBX 133.40 and last traded at GBX 132.80. Approximately 88,440 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 191,458 shares. The stock had previously closed at GBX 130.20.

Analysts Set New Price Targets

Several research analysts have issued reports on LUCE shares. Peel Hunt restated a “buy” rating and issued a GBX 190 price target on shares of Luceco in a research report on Tuesday, November 11th. Berenberg Bank increased their price objective on Luceco from GBX 160 to GBX 165 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Luceco has a consensus rating of “Buy” and an average target price of GBX 177.50.

Luceco Stock Performance

The firm’s fifty day simple moving average is GBX 133.29 and its 200 day simple moving average is GBX 133.55. The company has a market capitalization of £199.96 million, a price-to-earnings ratio of 14.28, a PEG ratio of 0.62 and a beta of 1.29. 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 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.