Luceco (LON:LUCE) Shares Pass Below 50-Day Moving Average - What's Next?

Key Points

• Luceco shares fell below their 50-day moving average, declining 2.3% to GBX 215 after trading as low as GBX 211, compared with a 50-day average of GBX 243.61.
• Analysts remain broadly positive, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of GBX 295.
• Insider activity was mixed: Will Hoy bought 18,820 shares at GBX 266, while John Hornby sold 505,000 shares at GBX 224. Insiders collectively own 23.59% of the company.

Luceco plc (LON:LUCE - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 243.61 and traded as low as GBX 211. Luceco shares last traded at GBX 215, with a volume of 207,054 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LUCE. Peel Hunt restated a "buy" rating and set a GBX 300 price objective on shares of Luceco in a report on Monday, August 10th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 320 target price on shares of Luceco in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered Luceco to a "hold" rating and set a GBX 260 price target for the company. in a research note on Wednesday, July 29th. Finally, Berenberg Bank raised their price objective on Luceco from GBX 270 to GBX 300 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 295.

Luceco Stock Down 2.3%

The firm's 50-day moving average price is GBX 243.61 and its 200-day moving average price is GBX 223.21. 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 company has a market cap of £309.10 million, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34.

Insider Transactions at Luceco

In related news, insider Will Hoy bought 18,820 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of GBX 266 per share, for a total transaction of £50,061.20. Also, insider John Hornby sold 505,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of GBX 224, for a total value of £1,131,200. Company insiders own 23.59% of the company's stock.

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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