Luceco (LON:LUCE) – shining a new light and a new TP

Mark Watson-Mitchell
Aug 11
1 min read

11.08.2025

A year ago, I noted that the shares, of this wiring accessories, EV chargers, LED lighting and portable power products group, were not for chasing.

They were then 167p, on Friday night they closed at 126.80p.

So why mention it?

Simply because analyst Edward Prest, at Berenberg, last week started coverage on the company and rated the shares as a Buy, with a Target Price of 160p.

Given the strength of the group’s manufacturing arm and its track record, Prest was very impressed by the fact the group has its own manufacturing operations in China giving it full control of its supply chain.

He noted that it has a strong track record in product development, and a proven ability to innovate in a dynamic consumer and regulatory environment.

The group also has a strong balance sheet and a good cash generation capability, both of which provide scope for further M&A and investment.

“Recent years have been tough for the repair, maintenance and improvement markets, and the second half 2025 outlook is certainly more one of stability around trough levels than a sharp bounce back.

The group has managed the headwinds well and fared better than various peers.”

Looking at current year estimates, I have to say that I am now setting a new Target Price of 150p.