Luceco PLC (LUCE) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank started coverage on shares of Luceco PLC (LON:LUCE) in a research note issued to investors on Thursday morning. The firm issued a buy rating and a GBX 235 ($2.96) price objective on the stock.

Separately, Numis Securities Ltd assumed coverage on Luceco PLC in a report on Monday, November 28th. They set a buy rating and a GBX 190 ($2.39) price target for the company.

Shares of Luceco PLC (LON:LUCE) traded up 3.66% during trading on Thursday, reaching GBX 248.00. 99,678 shares of the company’s stock were exchanged. The company has a 50 day moving average of GBX 202.07 and a 200 day moving average of GBX 178.52. The stock’s market cap is GBX 365.66 million. Luceco PLC has a 12-month low of GBX 140.00 and a 12-month high of GBX 259.00.

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The company also recently disclosed a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 4th will be given a dividend of €0.30 ($0.32) per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, May 4th.

Luceco PLC 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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