Luceco (LON:LUCE) Given Buy Rating at Jefferies Financial Group

Luceco (LON:LUCE)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 320 price objective on the stock. Jefferies Financial Group’s price target indicates a potential upside of 29.82% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Berenberg Bank lifted their target price on shares of Luceco from GBX 200 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Luceco from GBX 225 to GBX 260 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 260.

Luceco Stock Performance

LON:LUCE opened at GBX 246.50 on Tuesday. The stock has a market cap of £362.82 million, a P/E ratio of 18.40, a PEG ratio of 0.62 and a beta of 1.35. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. The business’s 50-day moving average price is GBX 235.49 and its two-hundred day moving average price is GBX 180.79. Luceco has a twelve month low of GBX 111.60 and a twelve month high of GBX 291.

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

Insider Buying and Selling

In related news, insider Will Hoy purchased 809 shares of Luceco stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of GBX 222 per share, for a total transaction of £1,795.98. Also, insider John Hornby sold 1,000,000 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 £2,690,000. Insiders have sold a total of 3,355,000 shares of company stock worth $903,195,000 in the last ninety days. 23.57% of the stock is owned by insiders.

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.