Luceco (LON:LUCE) Stock Jumps 0.5% - Time to Buy?

Key Points

• Luceco shares rose 0.5% to GBX 211, although trading volume was significantly below average at approximately 160,714 shares.
• Analyst sentiment remains positive overall: three analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a GBX 295 target price.
• Luceco reported quarterly EPS of GBX 4.60, with a 19.62% return on equity and 7.15% net margin; however, insider John Hornby sold 505,000 shares for £1.13 million in August.

Shares of Luceco plc (LON:LUCE - Get Free Report) were up 0.5% on Wednesday. The stock traded as high as GBX 217 and last traded at GBX 211. Approximately 160,714 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 772,909 shares. The stock had previously closed at GBX 210.

Analyst Ratings Changes

LUCE has been the subject of a number of analyst reports. Peel Hunt restated a "buy" rating and issued a GBX 300 target price on shares of Luceco in a report on Monday, August 10th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 300 target price on shares of Luceco in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a "hold" rating and set a GBX 260 price target for the company. in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 320 price target 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 295.

Luceco Stock Performance

The company has a market cap of £310.57 million, a PE ratio of 15.40, a P/E/G ratio of 0.62 and a beta of 1.29. The company has a current ratio of 2.16, a quick ratio of 1.51 and a debt-to-equity ratio of 78.23. The business has a fifty day moving average of GBX 219.51 and a 200-day moving average of GBX 233.04.

Luceco (LON:LUCE - Get Free Report) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 4.60 EPS for the quarter. Luceco had a return on equity of 19.62% and a net margin of 7.15%. Equities research analysts anticipate that Luceco plc will post 12.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Luceco

In other news, 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 transaction of £1,131,200. Corporate insiders own 23.25% of the company's stock.

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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