Lamprell Plc Rating Reiterated by Investec (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “hold” rating restated by research analysts at Investec in a report released on Tuesday. They currently have a GBX 160 ($2.73) price target on the stock. Investec’s price objective points to a potential upside of 2.89% from the company’s current price.
Lamprell Plc (LON:LAM) opened at 157.00 on Tuesday. Lamprell Plc has a one year low of GBX 110.775 and a one year high of GBX 157.00. The stock has a 50-day moving average of GBX 154.8 and a 200-day moving average of GBX 145.3. The company’s market cap is £408.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of Lamprell Plc from a “reduce” rating to a “buy” rating in a research note on Friday. They now have a GBX 185 ($3.15) price target on the stock, up previously from GBX 135 ($2.30). Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lamprell Plc in a research note on Thursday, June 19th. Finally, analysts at Liberum Capital raised their price target on shares of Lamprell Plc from GBX 155 ($2.64) to GBX 162 ($2.76) in a research note on Thursday, May 29th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 171.71 ($2.92).
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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