Luceco’s (LUCE) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Luceco (LON:LUCE) in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 300 price objective on the stock.

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

Luceco Stock Down 1.4%

LON LUCE opened at GBX 218 on Tuesday. The stock’s 50 day simple moving average is GBX 227.51 and its 200 day simple moving average is GBX 228.63. Luceco has a one year low of GBX 123.20 and a one year high of GBX 291. The firm has a market cap of £320.87 million, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. 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 quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.62% and a net margin of 7.15%. As a group, sell-side analysts forecast that Luceco will post 12.5907591 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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. Also, insider Janet Ryan purchased 3,706 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of GBX 270 per share, for a total transaction of £10,006.20. 23.25% of the stock is currently 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.