Luceco (LON:LUCE) Given New GBX 175 Price Target at Berenberg Bank

Luceco (LON:LUCE) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 165 to GBX 175 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 15.89% from the company’s current price.

Separately, Peel Hunt restated a “buy” rating and set a GBX 190 price target on shares of Luceco in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 182.50.

Luceco Price Performance

LON LUCE traded up GBX 10 during trading on Thursday, hitting GBX 151. 2,278,202 shares of the company’s stock were exchanged, compared to its average volume of 322,291. The stock’s 50 day moving average price is GBX 132.58 and its two-hundred day moving average price is GBX 131.02. The company has a market cap of £227.36 million, a PE ratio of 16.24, a P/E/G ratio of 0.62 and a beta of 1.29. Luceco has a fifty-two week low of GBX 111.60 and a fifty-two week high of GBX 160.80. The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 55.91.

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.