Luceco (LON:LUCE) Stock Price Down 1.4% - What's Next?

Key Points

• Luceco plc's stock price decreased by 1.4% to GBX 127.80 ($1.72) during trading, with a trading volume increase to approximately 208,447 shares.
• Berenberg Bank has maintained a "buy" rating on Luceco, setting a target price of GBX 160, with a consensus rating of "Buy" among analysts.
• The company reported a quarterly EPS of GBX 5.90, with expectations of an annual EPS of approximately GBX 12.59 for the current year.

Luceco plc (LON:LUCE - Get Free Report)'s stock price was down 1.4% during trading on Tuesday . The stock traded as low as GBX 127.80 ($1.72) and last traded at GBX 127.80 ($1.72). Approximately 208,447 shares were traded during trading, an increase of 4% from the average daily volume of 200,031 shares. The stock had previously closed at GBX 129.60 ($1.74).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 160 target price on shares of Luceco in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 160.

Luceco Trading Down 1.4%

The business has a 50 day moving average of GBX 125.73 and a two-hundred day moving average of GBX 135.07. The firm has a market cap of £192.43 million, a P/E ratio of 1,345.26, a PEG ratio of 0.62 and a beta of 1.29. The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 55.91.

Luceco (LON:LUCE - Get Free Report) last released 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%. Analysts predict that Luceco plc will post 12.5907591 earnings per share for the current year.

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.

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