Key Points
- Insider selling continued at Luceco: John Hornby sold 100,000 shares on May 27 at an average price of GBX 276, bringing in £276,000.
- He had already sold far more the day before: Hornby sold 1,000,000 shares on May 26 for £2.69 million, after buying just 810 shares earlier in May.
- Analyst sentiment remains positive: Deutsche Bank and Berenberg both recently raised their price targets and kept buy ratings, while the stock was trading near its 12-month high of GBX 288.
Luceco plc (LON:LUCE - Get Free Report) insider John Hornby sold 100,000 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of GBX 276, for a total transaction of £276,000.
John Hornby also recently made the following trade(s):
- On Tuesday, May 26th, John Hornby sold 1,000,000 shares of Luceco stock. The stock was sold at an average price of GBX 269, for a total transaction of £2,690,000.
- On Tuesday, May 5th, John Hornby purchased 810 shares of Luceco stock. The shares were purchased at an average cost of GBX 222 per share, for a total transaction of £1,798.20.
Luceco Price Performance
Luceco stock opened at GBX 275.93 on Thursday. Luceco plc has a 12-month low of GBX 111.60 and a 12-month high of GBX 288. The stock has a market capitalization of £406.14 million, a P/E ratio of 20.59, a P/E/G ratio of 0.62 and a beta of 1.32. The firm's 50-day moving average is GBX 208.83 and its two-hundred day moving average is GBX 168.23. The company has a debt-to-equity ratio of 60.83, a current ratio of 1.90 and a quick ratio of 1.51.
Luceco (LON:LUCE - Get Free Report) last released its quarterly 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%. Equities analysts predict that Luceco plc will post 12.5907591 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on LUCE shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Luceco from GBX 225 to GBX 260 and gave the stock a "buy" rating in a research note on Wednesday, May 20th. Berenberg Bank raised their price target on shares of Luceco from GBX 200 to GBX 270 and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 240.
View Our Latest Stock Analysis on LUCE
About Luceco
(
Get Free Report)
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.
Further Reading
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