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

Luceco (LON:LUCE) had its price objective upped by Berenberg Bank from GBX 175 to GBX 200 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Luceco Stock Performance

Luceco stock opened at GBX 173 on Wednesday. The stock’s 50 day moving average price is GBX 161.89 and its 200 day moving average price is GBX 142.43. The firm has a market capitalization of £260.49 million, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.62 and a beta of 1.38. The company has a debt-to-equity ratio of 89.03, a quick ratio of 1.51 and a current ratio of 2.25. Luceco has a one year low of GBX 111.60 and a one year high of GBX 186.80.

Luceco (LON:LUCE) last issued its quarterly earnings data on Wednesday, March 25th. The company reported GBX 15 earnings per share (EPS) for the quarter. Luceco had a net margin of 5.53% and a return on equity of 15.22%. As a group, sell-side analysts expect that Luceco will post 12.5907591 EPS for the current fiscal year.

More Luceco News

Here are the key news stories impacting Luceco this week:

• Positive Sentiment: Upgraded profit guidance — Luceco said momentum in its energy-transition offering (notably EV charger demand) led management to lift profit guidance, supporting upside to consensus forecasts. Luceco upgrades profit guidance
• Positive Sentiment: Revenue growth driven by EV chargers — Group revenue rose ~11.9% year-over-year, with management citing strong demand for EV chargers and related energy-transition products as a key growth engine. Luceco reports 11.9% revenue growth
• Positive Sentiment: Double-digit growth and dividend increase — The company reported double-digit growth and announced a higher annual dividend, which supports investor yield expectations and signals management confidence in cash flow. Luceco reports double-digit growth, raises annual dividend
• Positive Sentiment: Broker upgrade — Berenberg raised its price target from GBX 175 to GBX 200 and set a “buy” rating, likely boosting investor confidence and supporting higher valuation multiples. Berenberg raises LUCE price target
• Positive Sentiment: Quarterly results and investor materials — Luceco reported quarterly EPS of GBX 15, a return on equity of ~15.2% and provided a slide deck / conference call; results and management commentary reinforced the growth narrative. Quarterly earnings and slide deck
• Neutral Sentiment: Analyst/press commentary — Coverage pieces (e.g., Investors Chronicle) frame Luceco as positioned for a brighter future but note execution and margin mix will determine sustainability; useful context but less immediate than the company updates. Luceco eyes a brighter future

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.