Luceco’s (LUCE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Luceco (LON:LUCE) in a research report released on Monday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 320 price target on the stock.

Other equities analysts have also issued reports about the stock. Berenberg Bank increased their price objective on shares of Luceco from GBX 270 to GBX 300 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

Luceco Stock Up 4.8%

LUCE stock opened at GBX 240 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 60.83. The firm has a market capitalization of £353.26 million, a PE ratio of 17.91, a PEG ratio of 0.62 and a beta of 1.38. Luceco has a 1-year low of GBX 111.60 and a 1-year high of GBX 291. The business’s 50 day simple moving average is GBX 255.80 and its 200 day simple moving average is GBX 216.41.

Insider Buying and Selling

In related news, insider John Hornby sold 1,000,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of GBX 269, for a total transaction of £2,690,000. Also, insider Janet Ryan acquired 3,706 shares of Luceco stock in a transaction on Wednesday, July 1st. The shares were purchased at an average price of GBX 270 per share, for a total transaction of £10,006.20. Insiders have sold a total of 3,355,000 shares of company stock worth $903,195,000 over the last three months. Company insiders own 23.59% of the company’s stock.

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.