Luceco (LON:LUCE) Lifted to “Buy” at Peel Hunt

Peel Hunt upgraded shares of Luceco (LON:LUCE) to a buy rating in a report published on Monday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 96 ($1.25) price objective on the stock, down from their prior price objective of GBX 120 ($1.57).

Separately, Numis Securities reissued a buy rating and issued a GBX 125 ($1.63) target price on shares of Luceco in a report on Friday, May 24th.

Shares of LON:LUCE opened at GBX 91 ($1.19) on Monday. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 88.35. Luceco has a fifty-two week low of GBX 32.10 ($0.42) and a fifty-two week high of GBX 133 ($1.74). The firm has a 50-day simple moving average of GBX 87.86 and a 200 day simple moving average of GBX 89.31. The company has a market cap of $146.33 million and a PE ratio of 101.11.

The business also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a GBX 0.60 ($0.01) dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 19th. Luceco’s dividend payout ratio (DPR) is 1.11%.

About Luceco

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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