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

Berenberg Bank reiterated their buy rating on shares of Luceco (LON:LUCE) in a research report report published on Tuesday morning,Digital Look reports. Berenberg Bank currently has a GBX 300 price target on the stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Luceco to a “hold” rating and set a GBX 260 target price for the company. in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 price target on shares of Luceco in a research report on Monday, August 10th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 300 price objective on shares of Luceco in a research note on Monday, August 10th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 296.25.

Luceco Price Performance

Shares of LON:LUCE opened at GBX 204 on Tuesday. Luceco has a one year low of GBX 127 and a one year high of GBX 291. The company has a 50 day moving average of GBX 214.15 and a 200-day moving average of GBX 212.34. The company has a debt-to-equity ratio of 78.23, a current ratio of 2.16 and a quick ratio of 1.51. The stock has a market cap of £300.27 million, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.62 and a beta of 1.29.

Luceco (LON:LUCE) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share for the quarter. Luceco had a net margin of 7.15% and a return on equity of 19.62%. On average, sell-side analysts forecast that Luceco will post 12.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider John Hornby sold 505,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of GBX 224, for a total transaction of £1,131,200. 23.25% of the stock is owned by 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.