Peel Hunt Reiterates “Buy” Rating for Luceco (LON:LUCE)

Luceco (LON:LUCE)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 190 price target on the stock. Peel Hunt’s target price points to a potential upside of 33.80% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 160 target price on shares of Luceco in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 175.

Luceco Stock Performance

Shares of LON LUCE traded up GBX 8 during midday trading on Tuesday, hitting GBX 142. 440,546 shares of the stock traded hands, compared to its average volume of 202,665. Luceco has a one year low of GBX 108.26 and a one year high of GBX 160.80. The firm has a 50-day moving average of GBX 130.25 and a two-hundred day moving average of GBX 136.03. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18. The firm has a market capitalization of £213.81 million, a P/E ratio of 15.27, a PEG ratio of 0.62 and a beta of 1.29.

Luceco (LON:LUCE) last released its quarterly earnings results on Tuesday, September 9th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. On average, equities analysts forecast that Luceco will post 12.5907591 EPS for the current fiscal 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.