Luceco’s (LUCE) Under Review Rating Reiterated at Numis Securities

Numis Securities reissued their under review rating on shares of Luceco (LON:LUCE) in a research note issued to investors on Friday morning.

Separately, Berenberg Bank boosted their price target on shares of Luceco from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the stock a buy rating in a report on Thursday, October 12th.

Luceco (LON:LUCE) opened at GBX 125 ($1.68) on Friday. Luceco has a 12-month low of GBX 109.90 ($1.48) and a 12-month high of GBX 267.50 ($3.60).

In other news, insider John Hornby sold 2,000,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of GBX 235 ($3.16), for a total transaction of £4,700,000 ($6,325,706.59).

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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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