Deutsche Bank Aktiengesellschaft Downgrades Luceco (LON:LUCE) to Hold

Luceco (LON:LUCE) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report released on Wednesday,Digital Look reports. They presently have a GBX 260 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 18.18% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 320 price target on shares of Luceco in a research note on Wednesday. Berenberg Bank upped their target price on shares of Luceco from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 267.50.

Luceco Price Performance

LON:LUCE opened at GBX 220 on Wednesday. Luceco has a 1-year low of GBX 111.60 and a 1-year high of GBX 291. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 60.83. The firm has a fifty day simple moving average of GBX 265.86 and a 200 day simple moving average of GBX 209.24. The stock has a market capitalization of £323.82 million, a PE ratio of 16.42, a P/E/G ratio of 0.62 and a beta of 1.38.

Insider Activity at Luceco

In other news, insider John Hornby sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of GBX 276, for a total transaction of £276,000. Also, insider Will Hoy bought 18,820 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was purchased at an average cost of GBX 266 per share, for a total transaction of £50,061.20. Over the last three months, insiders have bought 24,145 shares of company stock valued at $6,366,158 and have sold 3,355,000 shares valued at $903,195,000. Insiders own 23.59% of the company’s stock.

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.