Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Luceco (LON:LUCE) Stock

Luceco (LON:LUCE) had its target price hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 220 to GBX 225 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 33.56% from the company’s current price.

Separately, Berenberg Bank upped their price objective on shares of Luceco from GBX 175 to GBX 200 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 205.

Luceco Stock Performance

LON:LUCE opened at GBX 168.47 on Thursday. The company has a fifty day moving average of GBX 163.38 and a 200-day moving average of GBX 142.99. The firm has a market capitalization of £253.66 million, a P/E ratio of 18.11, a P/E/G ratio of 0.62 and a beta of 1.38. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 53.61. Luceco has a twelve month low of GBX 111.60 and a twelve month high of GBX 186.80.

Luceco (LON:LUCE) last issued its earnings results on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a net margin of 7.48% and a return on equity of 20.71%. As a group, sell-side analysts anticipate that Luceco will post 12.5907591 EPS for the current year.

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.