Luceco (LON:LUCE) Earns “Buy” Rating from Berenberg Bank

Luceco (LON:LUCE)‘s stock had its “buy” rating restated by Berenberg Bank in a report released on Tuesday, Digital Look reports. They currently have a GBX 300 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 37.61% from the stock’s previous close.

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

Luceco Stock Down 1.4%

Luceco stock opened at GBX 218 on Tuesday. The firm has a market capitalization of £320.87 million, a PE ratio of 16.27, a P/E/G ratio of 0.62 and a beta of 1.34. The company’s 50-day moving average is GBX 227.51 and its 200-day moving average is GBX 228.63. Luceco has a fifty-two week low of GBX 123.20 and a fifty-two week 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.

Luceco (LON:LUCE) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Luceco had a net margin of 7.15% and a return on equity of 19.62%. Sell-side analysts anticipate that Luceco will post 12.5907591 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John Hornby sold 505,000 shares of Luceco 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. Also, insider Janet Ryan bought 3,706 shares of Luceco stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average cost of GBX 270 per share, with a total value of £10,006.20. Corporate insiders own 23.25% 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.