Berenberg Bank Issues Positive Forecast for Luceco (LON:LUCE) Stock Price

Luceco (LON:LUCE) had its target price lifted by Berenberg Bank from GBX 165 to GBX 175 in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 target price on shares of Luceco in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 182.50.

Luceco Stock Down 0.4%

Shares of LON:LUCE opened at GBX 150.47 on Thursday. Luceco has a 52 week low of GBX 111.60 and a 52 week 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’s fifty day moving average is GBX 132.96 and its 200-day moving average is GBX 131.16. The company has a market capitalization of £226.56 million, a PE ratio of 16.18, a P/E/G 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.