Luceco (LON:LUCE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Luceco plc (LON:LUCE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 134.50 and traded as high as GBX 186.80. Luceco shares last traded at GBX 185.80, with a volume of 213,694 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LUCE shares. Berenberg Bank upped their price objective on shares of Luceco from GBX 165 to GBX 175 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Peel Hunt reissued a “buy” rating and set a GBX 190 target price on shares of Luceco in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 182.50.

Luceco Price Performance

The stock’s 50-day moving average price is GBX 143.75 and its 200 day moving average price is GBX 134.50. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of £275.29 million, a price-to-earnings ratio of 19.66, a PEG ratio of 0.62 and a beta of 1.29.

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.