Berenberg Bank Boosts Luceco (LON:LUCE) Price Target to GBX 175

Luceco (LON:LUCE) had its target price upped by Berenberg Bank from GBX 165 to GBX 175 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 11.61% from the stock’s previous close.

Separately, Peel Hunt reiterated a “buy” rating and set 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, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 182.50.

Luceco Trading Up 3.8%

LUCE opened at GBX 156.80 on Thursday. The business’s 50-day simple moving average is GBX 133.50 and its 200-day simple moving average is GBX 131.25. Luceco has a one year low of GBX 111.60 and a one year high of GBX 160.80. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18. The company has a market cap of £236.09 million, a P/E ratio of 16.86, a PEG ratio of 0.62 and a beta of 1.29.

Luceco Company Profile

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.