Luceco (LON:LUCE) Insider Sells £1,131,200 in Stock

Key Points

• Insider John Hornby sold 505,000 Luceco shares at GBX 224 each, for total proceeds of £1.13 million. This follows additional sales totaling £2.97 million in May.
• Luceco shares fell 3 pence to GBX 220 during Monday trading, near the 200-day average of GBX 220.47, with the stock well below its 52-week high of GBX 291.
• Analysts remain generally positive, with three Buy ratings and one Hold rating; the consensus price target is GBX 295 versus the current price of GBX 220.

Luceco plc (LON:LUCE - Get Free Report) insider John Hornby sold 505,000 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of GBX 224, for a total value of £1,131,200.

John Hornby also recently made the following trade(s):

• On Tuesday, May 26th, John Hornby sold 1,000,000 shares of Luceco stock. The shares were sold at an average price of GBX 269, for a total value of £2,690,000.
• On Wednesday, May 27th, John Hornby sold 100,000 shares of Luceco stock. The stock was sold at an average price of GBX 276, for a total value of £276,000.

Luceco Price Performance

Shares of Luceco stock traded down GBX 3 during midday trading on Monday, hitting GBX 220. 287,832 shares of the company were exchanged, compared to its average volume of 846,203. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51. The firm has a market cap of £323.82 million, a P/E ratio of 16.42, a PEG ratio of 0.62 and a beta of 1.34. Luceco plc has a 52 week low of GBX 111.60 and a 52 week high of GBX 291. The firm has a 50 day simple moving average of GBX 249.20 and a 200-day simple moving average of GBX 220.47.

Wall Street Analysts Forecast Growth

LUCE has been the topic of a number of recent research reports. Peel Hunt reiterated a "buy" rating and set a GBX 300 price target on shares of Luceco in a research note on Monday, August 10th. Berenberg Bank boosted their target price on Luceco from GBX 270 to GBX 300 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft downgraded Luceco to a "hold" rating and set a GBX 260 target price for the company. in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 320 price objective on shares of Luceco in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 295.

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.

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