Luceco (LON:LUCE) Given “Buy” Rating at Liberum Capital
Liberum Capital restated their buy rating on shares of Luceco (LON:LUCE) in a research report sent to investors on Tuesday morning, Digital Look reports. The brokerage currently has a GBX 170 ($2.24) price objective on the stock.
Separately, Peel Hunt lowered shares of Luceco to an add rating and upped their target price for the stock from GBX 96 ($1.26) to GBX 151 ($1.99) in a report on Tuesday, January 28th.
Luceco stock opened at GBX 135.60 ($1.78) on Tuesday. Luceco has a 52-week low of GBX 52.80 ($0.69) and a 52-week high of GBX 154 ($2.03). The firm has a market capitalization of $217.08 million and a price-to-earnings ratio of 21.87. The company has a fifty day simple moving average of GBX 136.62 and a 200-day simple moving average of GBX 107.46. The company has a quick ratio of 1.09, a current ratio of 1.90 and a debt-to-equity ratio of 99.76.
Luceco plc manufactures and distributes various light emitting diode (LED) lighting products and wiring accessories in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It operates through four segments: Wiring Accessories, Portable Power, LED Lighting, and Ross and Other.
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