Luceco (LON:LUCE) Price Target Raised to GBX 225

Luceco (LON:LUCE) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 220 to GBX 225 in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank raised their price objective on shares of Luceco from GBX 175 to GBX 200 and gave the company a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Luceco presently has a consensus rating of “Buy” and an average target price of GBX 205.

Luceco Trading Down 2.6%

LUCE opened at GBX 168.47 on Thursday. The company has a fifty day moving average price of GBX 163.38 and a two-hundred day moving average price of GBX 143.08. The company has a market cap of £253.66 million, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 53.61. Luceco has a 1-year low of GBX 111.60 and a 1-year high of GBX 186.80.

Luceco (LON:LUCE) last issued its earnings results on Wednesday, March 25th. The company reported GBX 15 EPS for the quarter. Luceco had a return on equity of 20.71% and a net margin of 7.48%. Analysts predict that Luceco will post 12.5907591 EPS for the current fiscal year.

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.