Lamprell Stock Rating Upgraded by Investec (LAM)
Lamprell (LON:LAM) was upgraded by investment analysts at Investec to a “hold” rating in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a GBX 155 ($2.54) target price on the stock, up from their previous target price of GBX 145 ($2.38).
Shares of Lamprell (LON:LAM) opened at 157.00 on Wednesday. Lamprell has a one year low of GBX 119.174 and a one year high of GBX 183.085. The stock’s 50-day moving average is GBX 140.7 and its 200-day moving average is GBX 145.2. The company’s market cap is £408.7 million.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lamprell in a research note to investors on Thursday, January 16th. They now have a GBX 175 ($2.87) price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 164.86 ($2.71).
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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