Luceco (LON:LUCE) Shares Up 0.5% – Time to Buy?

Luceco plc (LON:LUCE) traded up 0.5% during trading on Wednesday. The stock traded as high as GBX 217 and last traded at GBX 211. 160,714 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 772,909 shares. The stock had previously closed at GBX 210.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LUCE. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 target price on shares of Luceco in a research report on Tuesday, September 22nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 price target on shares of Luceco in a research report on Monday, August 10th. Peel Hunt reissued a “buy” rating and issued a GBX 300 price target on shares of Luceco in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Luceco to a “hold” rating and set a GBX 260 price target for the company. in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 295.

Luceco Stock Performance

The company has a market capitalization of £310.57 million, a PE ratio of 15.40, a PEG ratio of 0.62 and a beta of 1.29. The company has a 50 day moving average of GBX 219.51 and a two-hundred day moving average of GBX 233.04. The company has a debt-to-equity ratio of 78.23, a current ratio of 2.16 and a quick ratio of 1.51.

Luceco (LON:LUCE) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.62% and a net margin of 7.15%. As a group, equities research analysts predict that Luceco plc will post 12.59 earnings per share for the current year.

Insider Buying and Selling at Luceco

In other news, insider John Hornby sold 505,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of GBX 224, for a total value of £1,131,200. 23.25% of the stock is owned by corporate insiders.

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.