Luceco (LON:LUCE) “Hold” Rating Reconfirmed Today By Berenberg Bank; The TP is Set to GBX 45.00

September 7, 2018 - By Ash Maslow

Luceco (LON:LUCE) Rating Reaffirmed

They currently have a GBX 45.00 target price on Luceco (LON:LUCE). The target price by Berenberg Bank would suggest a potential downside of -8.26 % from the company’s last stock close price. This has been revealed to clients and investors in a research report on 6 September.

Luceco plc (LON:LUCE) Ratings Coverage

Among 2 analysts covering Luceco Plc (LON:LUCE), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Luceco Plc has GBX 73 highest and GBX 40 lowest target. GBX 42.50’s average target is -13.35% below currents GBX 49.05 stock price. Luceco Plc had 4 analyst reports since April 30, 2018 according to SRatingsIntel. The rating was downgraded by Berenberg on Thursday, July 19 to “Hold”. The company was downgraded on Thursday, September 6 by Berenberg. On Monday, April 30 the stock rating was reinitiated by Numis Securities with “Hold”.

The stock increased 5.03% or GBX 2.35 during the last trading session, reaching GBX 49.05. About 656,234 shares traded. Luceco plc (LON:LUCE) has 0.00% since September 7, 2017 and is . It has underperformed by 12.57% the S&P500.

Luceco plc manufactures and distributes various light emitting diode lighting products and accessories in the United Kingdom, the Middle East, the Asia Pacific, Europe, Africa, and the Americas. The company has market cap of 78.65 million GBP. The firm offers LED lighting products, including interior lighting products, such as panels, down lights, battens, and high bays; exterior lighting products comprising floodlights, bulkheads, road lights, and bollards; and retrofit lamps and tubes consisting of replacement bulbs and tubes for existing light fixtures under the Luceco LED brand. It has a 7.91 P/E ratio. It also provides wiring accessories comprising switches and sockets in plastic and decorative metal finishes, as well as USB charging sockets, and exterior or weatherproof accessories; circuit protection products that include fuse boxes and industrial switches; and cable management and other accessories, including cable trunking products under the British General brand.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.