Luceco (LON:LUCE) Insider Sells 1,000,000 Shares

Luceco plc (LON:LUCE) insider John Hornby sold 1,000,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of GBX 269, for a total value of £2,690,000.

John Hornby also recently made the following trade(s):

• 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 transaction of £276,000.
• On Tuesday, May 5th, John Hornby bought 810 shares of Luceco stock. The stock was purchased at an average cost of GBX 222 per share, for a total transaction of £1,798.20.

Luceco Trading Down 1.4%

LON:LUCE traded down GBX 4 during midday trading on Wednesday, reaching GBX 274. 4,247,586 shares of the stock traded hands, compared to its average volume of 826,968. The stock has a market capitalization of £403.30 million, a P/E ratio of 20.45, a PEG ratio of 0.62 and a beta of 1.32. 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 company has a fifty day moving average of GBX 206.54 and a 200 day moving average of GBX 167.23. Luceco plc has a 12 month low of GBX 111.60 and a 12 month high of GBX 288.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LUCE shares. Berenberg Bank upped their target price on Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Luceco has an average rating of “Buy” and a consensus target price of GBX 240.

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.