JPMorgan Chase & Co. Lowers Lamprell Plc Price Target to GBX 165 (LAM)
Analysts at JPMorgan Chase & Co. cut their target price on shares of Lamprell Plc (LON:LAM) from GBX 175 ($2.93) to GBX 165 ($2.76) in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 17.02% from the stock’s previous close.
A number of other analysts have also recently weighed in on LAM. Analysts at Investec cut their price target on shares of Lamprell Plc from GBX 155 ($2.59) to GBX 150 ($2.51) in a research note on Thursday, April 10th. They now have a “hold” rating on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of Lamprell Plc in a research note on Friday, March 28th. They now have a GBX 155 ($2.59) price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 161.88 ($2.71).
Lamprell Plc (LON:LAM) traded down 2.08% on Wednesday, hitting GBX 141.00. 241,621 shares of the company’s stock traded hands. Lamprell Plc has a one year low of GBX 125.25 and a one year high of GBX 183.085. The stock’s 50-day moving average is GBX 139.0 and its 200-day moving average is GBX 145.3. The company’s market cap is £367.1 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 industries.
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