Lamprell Stock Rating Reaffirmed by RBC Capital (LAM)
Lamprell (LON:LAM)‘s stock had its “sector perform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 180 ($2.91) price objective on the stock. RBC Capital’s price objective indicates a potential upside of 9.42% from the stock’s previous close.
Shares of Lamprell (LON:LAM) traded down 0.75% on Monday, hitting GBX 164.50. 301,205 shares of the company’s stock traded hands. Lamprell has a 52 week low of GBX 60.00 and a 52 week high of GBX 183.085. The stock has a 50-day moving average of GBX 144.2 and a 200-day moving average of GBX 144.6. The company’s market cap is £428.3 million.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Lamprell to an “overweight” rating in a research note to investors on Thursday, September 26th. They now have a GBX 175 ($2.83) price target on the stock. Separately, analysts at Nomura downgraded shares of Lamprell from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 5th. They now have a GBX 140 ($2.27) price target on the stock, up previously from GBX 90 ($1.46). Finally, analysts at Citigroup Inc. raised their price target on shares of Lamprell from GBX 160 ($2.59) to GBX 175 ($2.83) in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 163.61 ($2.65).
Lamprell plc is a holding company. The Company is engaged in the provision of diversified engineering and contracting products and services to the onshore and offshore oil and gas and renewables industry.
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