Luceco (LUCE) Receives “Buy” Rating from Numis Securities

Luceco (LON:LUCE)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities in a research note issued to investors on Tuesday. They presently have a GBX 285 ($3.84) price objective on the stock. Numis Securities’ target price would indicate a potential upside of 25.29% from the company’s previous close.

Separately, Berenberg Bank increased their price objective on shares of Luceco from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the stock a “buy” rating in a research note on Thursday, October 12th.

Luceco (LON LUCE) opened at GBX 227.47 ($3.06) on Tuesday. Luceco has a one year low of GBX 156 ($2.10) and a one year high of GBX 267.50 ($3.60).

In other news, insider John Hornby bought 124 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was acquired at an average cost of GBX 240 ($3.23) per share, for a total transaction of £297.60 ($400.54).

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Luceco Company Profile

Luceco plc offers a range of brands, including Luceco, BG Electrical, Masterplug and Ross. The Company’s products include Luxpanel, Epsilon and ambient lighting. Luceco light emitting diode (LED) lighting provides commercial and domestic lighting solutions. BG Electrical is a wiring accessory manufacturing brand, which serves electrical trade and specifiers.

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