Luceco (LON:LUCE) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Luceco shares fell below their 50-day moving average, trading as low as GBX 216.42 and last changing hands at GBX 220, compared with a 50-day average of GBX 232.79.
• Analyst sentiment remains positive overall: three brokers rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of GBX 295.
• Insider activity was mixed, with Janet Ryan purchasing 3,706 shares while John Hornby sold 505,000 shares; company insiders collectively own 23.25% of Luceco.

Luceco plc (LON:LUCE - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 232.79 and traded as low as GBX 216.42. Luceco shares last traded at GBX 220, with a volume of 120,347 shares trading hands.

Analyst Upgrades and Downgrades

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

Luceco Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 60.83. The stock has a market cap of £323.82 million, a PE ratio of 16.42, a P/E/G ratio of 0.62 and a beta of 1.34. The business has a 50 day moving average price of GBX 232.79 and a 200 day moving average price of GBX 226.43.

Insider Transactions at Luceco

In related news, insider Janet Ryan acquired 3,706 shares of Luceco stock in a transaction on Wednesday, July 1st. The stock was bought at an average cost of GBX 270 per share, for a total transaction of £10,006.20. Also, insider John Hornby sold 505,000 shares of the stock in a transaction on Friday, August 21st. The shares were 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.

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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