Luceco (LON:LUCE) Shares Up 0.5% – Still a Buy?

Luceco plc (LON:LUCE)’s share price rose 0.5% on Wednesday . The company traded as high as GBX 133 and last traded at GBX 130.40. Approximately 1,849,844 shares were traded during trading, an increase of 444% from the average daily volume of 340,319 shares. The stock had previously closed at GBX 129.80.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LUCE. Berenberg Bank boosted their price objective on Luceco from GBX 160 to GBX 165 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 190 price target on shares of Luceco in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 177.50.

Luceco Trading Up 0.5%

The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51. The firm has a fifty day simple moving average of GBX 132.65 and a 200-day simple moving average of GBX 131.95. The firm has a market cap of £196.34 million, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

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.