Luceco (LON:LUCE) Stock Price Up 0.5% – Time to Buy?

Shares of Luceco plc (LON:LUCE) shot up 0.5% during mid-day trading on Wednesday. The stock traded as high as GBX 217 and last traded at GBX 211. Approximately 160,714 shares were traded during trading, a decline of 79% from the average session volume of 772,909 shares. The stock had previously closed at GBX 210.

Analyst Ratings Changes

LUCE has been the subject of several research analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 300 target price on shares of Luceco in a research note on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 price target on shares of Luceco in a research note on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Luceco in a report on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price objective for the company. in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 295.

Luceco Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 78.23. The firm has a market capitalization of £309.10 million, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The company has a 50-day moving average of GBX 219.17 and a 200-day moving average of GBX 233.32.

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

Insider Activity

In related news, insider John Hornby sold 505,000 shares of the company’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. Company insiders own 23.25% of the company’s stock.

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.