Luceco (LON:LUCE) Price Target Raised to GBX 200

Luceco (LON:LUCE) had its price target lifted by Berenberg Bank from GBX 175 to GBX 200 in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Luceco Trading Down 2.6%

LON:LUCE opened at GBX 168.47 on Wednesday. The stock has a market cap of £253.66 million, a price-to-earnings ratio of 18.11, a PEG ratio of 0.62 and a beta of 1.38. The company has a debt-to-equity ratio of 53.61, a quick ratio of 1.51 and a current ratio of 1.90. Luceco has a 1 year low of GBX 111.60 and a 1 year high of GBX 186.80. The business has a fifty day moving average of GBX 163.38 and a 200-day moving average of GBX 142.99.

Luceco (LON:LUCE) last issued its quarterly earnings data on Wednesday, March 25th. The company reported GBX 15 earnings per share for the quarter. Luceco had a net margin of 7.48% and a return on equity of 20.71%. Equities analysts predict that Luceco will post 12.5907591 earnings per share for the current year.

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.