Luceco (LON:LUCE) Stock Price Up 0.3% – Time to Buy?

by · The Cerbat Gem

Luceco plc (LON:LUCE – Get Free Report)’s stock price rose 0.3% during mid-day trading on Tuesday . The stock traded as high as GBX 137.40 and last traded at GBX 135.20. Approximately 52,957 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 197,907 shares. The stock had previously closed at GBX 134.80.

Wall Street Analysts Forecast Growth

LUCE has been the subject of several research reports. Berenberg Bank upped their price target on shares of Luceco from GBX 160 to GBX 165 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 190 price objective on shares of Luceco in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 177.50.

Get Our Latest Stock Report on LUCE

Luceco Price Performance

The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91. The stock has a market cap of £203.57 million, a P/E ratio of 14.54, a P/E/G ratio of 0.62 and a beta of 1.29. The firm has a 50 day moving average price of GBX 133.40 and a 200 day moving average price of GBX 135.16.

Luceco (LON:LUCE – Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported GBX 5.90 earnings per share (EPS) for the quarter. Luceco had a net margin of 8.41% and a return on equity of 19.86%. On average, analysts forecast that Luceco plc will post 12.5907591 EPS for the current fiscal year.

Luceco Company Profile

(Get Free Report)

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.

Read More