Insider Buying: Luceco (LON:LUCE) Insider Purchases 18,820 Shares of Stock

Luceco plc (LON:LUCE) insider Will Hoy purchased 18,820 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of GBX 266 per share, with a total value of £50,061.20.

Will Hoy also recently made the following trade(s):

• On Tuesday, May 5th, Will Hoy bought 809 shares of Luceco stock. The shares were acquired at an average cost of GBX 222 per share, for a total transaction of £1,795.98.

Luceco Trading Up 2.7%

Shares of LUCE stock traded up GBX 6.96 during trading hours on Thursday, hitting GBX 263.98. 553,957 shares of the company’s stock traded hands, compared to its average volume of 814,884. The stock has a market cap of £388.56 million, a PE ratio of 19.70, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35. The stock’s 50 day simple moving average is GBX 238.35 and its 200 day simple moving average is GBX 182.51. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. Luceco plc has a 12 month low of GBX 111.60 and a 12 month high of GBX 291.

Luceco (LON:LUCE) last announced its earnings results on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a return on equity of 20.71% and a net margin of 7.48%. On average, sell-side analysts anticipate that Luceco plc will post 12.5907591 EPS for the current year.

Analyst Ratings Changes

LUCE has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 320 price target on shares of Luceco in a report on Tuesday. Berenberg Bank lifted their target price on Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Luceco currently has a consensus rating of “Buy” and a consensus price target of GBX 260.

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.