Insider Selling: Luceco (LON:LUCE) Insider Sells £1,131,200 in Stock

Luceco plc (LON:LUCE) insider John Hornby sold 505,000 shares of the business’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.

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

Luceco Price Performance

Shares of Luceco stock opened at GBX 224.02 on Thursday. The company has a debt-to-equity ratio of 60.83, a quick ratio of 1.51 and a current ratio of 1.90. The firm’s 50-day simple moving average is GBX 247.33 and its 200-day simple moving average is GBX 221.69. The firm has a market cap of £329.73 million, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. Luceco plc has a twelve month low of GBX 111.60 and a twelve month high of GBX 291.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 300 target price on shares of Luceco in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a research report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 320 target price on shares of Luceco in a research report on Monday, August 10th. Finally, Berenberg Bank increased their price objective on shares of Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Three equities 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, the stock presently has an average 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.