Luceco's (LUCE) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Luceco (LON:LUCE) with a target price of GBX 160, indicating a potential upside of 23.86%.
• Luceco's stock has seen a 9.1% increase in trading, reaching GBX 129.18, with a trading volume significantly higher than its average for the day.
• The company reported an EPS of GBX 5.90 for its latest quarter, achieving a net margin of 8.41% and a return on equity of 19.86%.

Luceco (LON:LUCE - Get Free Report)'s stock had its "buy" rating restated by analysts at Berenberg Bank in a research note issued on Monday, MarketBeat reports. They presently have a GBX 160 price objective on the stock. Berenberg Bank's price objective indicates a potential upside of 25.98% from the stock's current price.

Luceco Price Performance

Shares of LUCE stock traded down GBX 2 on Monday, hitting GBX 127. 652,317 shares of the stock traded hands, compared to its average volume of 193,423. The firm has a market cap of £191.22 million, a price-to-earnings ratio of 1,336.84, a PEG ratio of 0.62 and a beta of 1.29. Luceco has a 52 week low of GBX 108.26 and a 52 week high of GBX 168.02. The firm has a 50 day simple moving average of GBX 129.49 and a two-hundred day simple moving average of GBX 136.06. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51.

Luceco (LON:LUCE - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The company reported GBX 5.90 EPS for the quarter. Luceco had a net margin of 8.41% and a return on equity of 19.86%. As a group, equities research analysts predict that Luceco will post 12.5907591 earnings per share for the current fiscal year.

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.