Luceco (LON:LUCE) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Luceco (LON:LUCE) had its price objective hoisted by equities researchers at Berenberg Bank from GBX 175 to GBX 200 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 15.75% from the stock’s current price.

Luceco Stock Performance

Luceco stock opened at GBX 172.78 on Wednesday. The company has a debt-to-equity ratio of 89.03, a quick ratio of 1.51 and a current ratio of 2.25. The company has a market capitalization of £260.16 million, a PE ratio of 18.58, a P/E/G ratio of 0.62 and a beta of 1.38. The company has a 50 day moving average price of GBX 161.04 and a 200-day moving average price of GBX 142.22. Luceco has a fifty-two week low of GBX 111.60 and a fifty-two week high of GBX 186.80.

Luceco (LON:LUCE) last announced its quarterly earnings data on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a return on equity of 15.22% and a net margin of 5.53%. As a group, equities analysts forecast that Luceco will post 12.5907591 earnings per share for the current year.

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.