Luceco (LON:LUCE) Shares Up 2% – Should You Buy?

Luceco plc (LON:LUCE) traded up 2% on Wednesday . The company traded as high as GBX 133.40 and last traded at GBX 132.80. 88,440 shares changed hands during trading, a decline of 54% from the average session volume of 191,458 shares. The stock had previously closed at GBX 130.20.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LUCE shares. Peel Hunt reiterated a “buy” rating and issued a GBX 190 target price on shares of Luceco in a research note on Tuesday, November 11th. Berenberg Bank lifted their price objective on shares of Luceco from GBX 160 to GBX 165 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 177.50.

Luceco Trading Up 2.0%

The company has a 50 day moving average of GBX 133.29 and a two-hundred day moving average of GBX 133.56. The stock has a market capitalization of £199.96 million, a PE ratio of 14.28, a P/E/G ratio of 0.62 and a beta of 1.29. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18.

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.