Luceco (LON:LUCE) Price Target Raised to GBX 165 at Berenberg Bank

Luceco (LON:LUCE) had its target price raised by equities research analysts at Berenberg Bank from GBX 160 to GBX 165 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 16.20% from the company’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 190 price target on shares of Luceco in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 177.50.

Luceco Price Performance

Shares of Luceco stock traded up GBX 8 on Tuesday, hitting GBX 142. 440,546 shares of the company were exchanged, compared to its average volume of 202,665. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91. The company has a 50-day moving average price of GBX 130.25 and a 200 day moving average price of GBX 136.03. The stock has a market capitalization of £213.81 million, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. Luceco has a 1-year low of GBX 108.26 and a 1-year high of GBX 160.80.

Luceco (LON:LUCE) last issued its earnings results on Tuesday, September 9th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. As a group, sell-side analysts predict that Luceco will post 12.5907591 earnings per share for the current fiscal year.

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.