Luceco (LON:LUCE) Trading Down 1.5% - Time to Sell?

Key Points

• Shares fell 1.5% to GBX 199 on Thursday while trading volume surged about 279% to ~1.83 million shares versus the average, after a prior close of GBX 202.
• Analyst sentiment is positive: three analysts rate Luceco a "Buy", with Berenberg and Deutsche Bank raising targets to GBX 200 and GBX 225 and a consensus average target of GBX 205.
• Fundamentals show a market cap of £296.8m, a P/E of 14.85 and PEG of 0.62, alongside solid profitability (ROE 20.71% and net margin 7.48%).

Luceco plc (LON:LUCE - Get Free Report)'s stock price was down 1.5% during trading on Thursday . The stock traded as low as GBX 199 and last traded at GBX 199. Approximately 1,831,684 shares were traded during trading, an increase of 279% from the average daily volume of 483,279 shares. The stock had previously closed at GBX 202.

Analyst Ratings Changes

Several equities analysts have recently commented on LUCE shares. Berenberg Bank upped their target price on Luceco from GBX 175 to GBX 200 and gave the company a "buy" rating in a report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft upped their target price on Luceco from GBX 220 to GBX 225 and gave the company a "buy" rating in a report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Luceco presently has a consensus rating of "Buy" and an average target price of GBX 205.

Luceco Price Performance

The company has a market capitalization of £296.81 million, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.62 and a beta of 1.25. The company has a fifty day moving average price of GBX 175.20 and a 200 day moving average price of GBX 148.90. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51.

Luceco (LON:LUCE - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a return on equity of 20.71% and a net margin of 7.48%. On average, sell-side analysts forecast that Luceco plc will post 12.5907591 EPS 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. 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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