Lamprell Plc PT Raised to GBX 155 at Investec (LAM)
Analysts at Investec lifted their price target on shares of Lamprell Plc (LON:LAM) from GBX 150 ($2.55) to GBX 155 ($2.63) in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the stock. Investec’s target price would indicate a potential upside of 2.14% from the company’s current price.
Shares of Lamprell Plc (LON:LAM) traded down 2.47% during mid-day trading on Monday, hitting GBX 148.00. 466,452 shares of the company’s stock traded hands. Lamprell Plc has a 1-year low of GBX 110.775 and a 1-year high of GBX 156.00. The stock’s 50-day moving average is GBX 154.6 and its 200-day moving average is GBX 145.0. The company’s market cap is £385.3 million.
A number of other firms have also recently commented on LAM. Analysts at Liberum Capital raised their price target on shares of Lamprell Plc from GBX 155 ($2.63) to GBX 162 ($2.75) in a research note on Thursday, May 29th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Lamprell Plc presently has a consensus rating of “Hold” and a consensus price target of GBX 164 ($2.78).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.