Lamprell Stock Rating Reaffirmed by JPMorgan Chase & Co. (LAM)
Lamprell (LON:LAM)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Thursday, American Banking and Market News reports. They currently have a GBX 175 ($2.88) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 24.56% from the company’s current price.
Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Lamprell in a research note to investors on Monday, October 21st. They now have a GBX 180 ($2.97) price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 163.61 ($2.70).
Lamprell (LON:LAM) traded up 9.79% on Thursday, hitting GBX 154.25. 682,394 shares of the company’s stock traded hands. Lamprell has a 52 week low of GBX 118.25 and a 52 week high of GBX 183.085. The stock has a 50-day moving average of GBX 140.1 and a 200-day moving average of GBX 144.9. The company’s market cap is £401.6 million.
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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