Lamprell Plc Price Target Increased to GBX 155 by Analysts at Liberum Capital (LAM)
Equities research analysts at Liberum Capital hoisted their target price on shares of Lamprell Plc (LON:LAM) from GBX 150 ($2.52) to GBX 155 ($2.61) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price objective would indicate a potential upside of 4.73% from the stock’s previous close.
Lamprell Plc (LON:LAM) opened at 149.00 on Wednesday. Lamprell Plc has a 52 week low of GBX 125.25 and a 52 week high of GBX 166.75. The stock has a 50-day moving average of GBX 146.1 and a 200-day moving average of GBX 144.4. The company’s market cap is £387.9 million.
A number of other analysts have also recently weighed in on LAM. Analysts at Citigroup Inc. upgraded shares of Lamprell Plc to a “buy” rating in a research note on Tuesday, April 22nd. They now have a GBX 200 ($3.36) price target on the stock, up previously from GBX 160 ($2.69). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Lamprell Plc from GBX 175 ($2.94) to GBX 165 ($2.78) in a research note on Wednesday, April 16th. They now have an “overweight” rating on the stock. Finally, analysts at Investec cut their price target on shares of Lamprell Plc from GBX 155 ($2.61) to GBX 150 ($2.52) in a research note on Thursday, April 10th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 162.50 ($2.73).
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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