Luceco’s (LUCE) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Luceco (LON:LUCE) in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a GBX 300 price target on the stock.

LUCE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Luceco to a “hold” rating and set a GBX 260 price objective on the stock. in a report on Wednesday, July 29th. Berenberg Bank boosted their target price on shares of Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 320 price target on shares of Luceco in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 295.

Luceco Price Performance

Shares of LUCE opened at GBX 240 on Monday. The business’s fifty day moving average is GBX 255.80 and its 200 day moving average is GBX 216.41. Luceco has a 12-month low of GBX 111.60 and a 12-month high of GBX 291. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. The stock has a market cap of £353.26 million, a P/E ratio of 17.91, a P/E/G ratio of 0.62 and a beta of 1.38.

Insiders Place Their Bets

In other Luceco news, insider Will Hoy bought 18,820 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of GBX 266 per share, with a total value of £50,061.20. Also, insider Janet Ryan bought 3,706 shares of the stock in a transaction dated Wednesday, July 1st. The shares were acquired at an average price of GBX 270 per share, for a total transaction of £10,006.20. Insiders sold a total of 3,355,000 shares of company stock worth $903,195,000 in the last ninety days. Company insiders own 23.59% of the company’s stock.

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.