Luceco (LON:LUCE) Earns “Buy” Rating from Jefferies Financial Group

Luceco (LON:LUCE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 320 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 45.45% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Luceco from GBX 225 to GBX 260 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Berenberg Bank lifted their target price on shares of Luceco from GBX 270 to GBX 300 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 267.50.

Luceco Stock Down 2.2%

Luceco stock opened at GBX 220 on Wednesday. The business’s 50-day moving average price is GBX 265.86 and its 200 day moving average price is GBX 209.24. 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 firm has a market cap of £323.82 million, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. Luceco has a 52 week low of GBX 111.60 and a 52 week high of GBX 291.

Insiders Place Their Bets

In other Luceco news, insider Janet Ryan bought 3,706 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average cost of GBX 270 per share, for a total transaction of £10,006.20. Also, insider Will Hoy purchased 18,820 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of GBX 266 per share, with a total value of £50,061.20. Over the last quarter, insiders have bought 24,145 shares of company stock valued at $6,366,158 and have sold 3,355,000 shares valued at $903,195,000. 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.