Luceco (LON:LUCE) Shares Down 12% – Time to Sell?

Luceco plc (LON:LUCE) fell 12% during trading on Monday . The company traded as low as GBX 249 and last traded at GBX 253.41. 1,673,827 shares traded hands during trading, an increase of 104% from the average session volume of 821,728 shares. The stock had previously closed at GBX 288.02.

Analysts Set New Price Targets

A number of brokerages have recently commented on LUCE. Berenberg Bank lifted their price target on shares of Luceco from GBX 200 to GBX 270 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Luceco has a consensus rating of “Buy” and an average target price of GBX 240.

Luceco Trading Down 12.0%

The firm has a market capitalization of £373.00 million, a PE ratio of 18.91, a P/E/G ratio of 0.62 and a beta of 1.35. 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 business’s fifty day moving average price is GBX 234.09 and its 200 day moving average price is GBX 179.93.

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

Insider Activity at Luceco

In related news, insider Will Hoy bought 809 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of GBX 222 per share, for a total transaction of £1,795.98. Also, insider John Hornby sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of GBX 276, for a total transaction of £276,000. Over the last three months, insiders sold 3,355,000 shares of company stock worth $903,195,000. 23.57% of the stock is owned by company 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.