Luceco’s (LUCE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Luceco (LON:LUCE) in a report issued on Tuesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a GBX 325 target price on the stock.

A number of other equities analysts have also recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price target on shares of Luceco in a report on Tuesday. Peel Hunt restated a “buy” rating and issued a GBX 300 price objective on shares of Luceco in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Luceco to a “hold” rating and set a GBX 260 price objective on the stock. in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 296.25.

Luceco Stock Performance

Shares of LUCE opened at GBX 204 on Tuesday. The company has a market cap of £300.27 million, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The firm has a 50-day moving average of GBX 214.15 and a 200-day moving average of GBX 212.34. Luceco has a one year low of GBX 127 and a one year high of GBX 291. The company has a debt-to-equity ratio of 78.23, a current ratio of 2.16 and a quick ratio of 1.51.

Luceco (LON:LUCE) last issued its earnings results on Tuesday, September 22nd. The company reported GBX 4.60 earnings per share (EPS) for the quarter. Luceco had a net margin of 7.15% and a return on equity of 19.62%. As a group, equities analysts forecast that Luceco will post 12.59 earnings per share for the current year.

Insider Buying and Selling

In other Luceco news, insider John Hornby sold 505,000 shares of Luceco stock in a transaction on Friday, August 21st. The shares were sold at an average price of GBX 224, for a total transaction of £1,131,200. 23.25% of the stock is currently owned by company 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.