Numis Securities Reiterates Buy Rating for Luceco (LUCE)
Luceco (LON:LUCE)‘s stock had its “buy” rating reiterated by Numis Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 285 ($3.84) price objective on the stock. Numis Securities’ target price points to a potential upside of 24.87% from the company’s previous close.
Separately, Berenberg Bank boosted their target price on shares of Luceco from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the company a “buy” rating in a research report on Thursday, October 12th.
Shares of Luceco (LON:LUCE) opened at GBX 228.24 ($3.07) on Tuesday. Luceco has a 52-week low of GBX 156 ($2.10) and a 52-week high of GBX 267.50 ($3.60).
Luceco plc offers a range of brands, including Luceco, BG Electrical, Masterplug and Ross. The Company’s products include Luxpanel, Epsilon and ambient lighting. Luceco light emitting diode (LED) lighting provides commercial and domestic lighting solutions. BG Electrical is a wiring accessory manufacturing brand, which serves electrical trade and specifiers.
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