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

Luceco (LON:LUCE)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 300 target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 32.74% from the company’s current price.

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

Luceco Stock Up 0.4%

Shares of LON LUCE opened at GBX 226 on Monday. Luceco has a one year low of GBX 111.60 and a one year high of GBX 291. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51. The business’s fifty day moving average price is GBX 258.04 and its 200-day moving average price is GBX 214.34. The stock has a market capitalization of £332.65 million, a PE ratio of 16.87, a P/E/G ratio of 0.62 and a beta of 1.38.

Insider Buying and Selling

In related news, insider Giles Brand sold 1,780,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total transaction of £4,788,200. Also, insider John Hornby sold 1,000,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total value of £2,690,000. Insiders have sold a total of 3,355,000 shares of company stock valued at $903,195,000 in the last ninety days. 23.59% of the stock is owned by company insiders.

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.