Luceco (LON:LUCE) Insider Sells £4,788,200 in Stock

Luceco plc (LON:LUCE) insider Giles Brand sold 1,780,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 269, for a total value of £4,788,200.

Giles Brand also recently made the following trade(s):

• On Tuesday, May 26th, Giles Brand sold 475,000 shares of Luceco stock. The shares were sold at an average price of GBX 269, for a total value of £1,277,750.

Luceco Trading Down 1.4%

Shares of Luceco stock traded down GBX 4 on Wednesday, reaching GBX 274. 4,247,586 shares of the company’s stock were exchanged, compared to its average volume of 826,968. The company has a market capitalization of £403.30 million, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 0.62 and a beta of 1.32. Luceco plc has a 52 week low of GBX 111.60 and a 52 week high of GBX 288. The company has a debt-to-equity ratio of 60.83, a quick ratio of 1.51 and a current ratio of 1.90. The firm’s 50-day moving average is GBX 206.54 and its two-hundred day moving average is GBX 167.23.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LUCE shares. Berenberg Bank upped their price objective on shares of Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft upped their price target on Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Three investment 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 240.

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.