Lamprell Plc Rating Reiterated by Arden Partners Ltd (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “neutral” rating reaffirmed by equities researchers at Arden Partners Ltd in a research report issued on Thursday. They currently have a GBX 165 ($2.81) price target on the stock. Arden Partners Ltd’s price target suggests a potential upside of 5.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of Lamprell Plc from GBX 155 ($2.64) to GBX 160 ($2.73) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Nomura upgraded shares of Lamprell Plc from a “reduce” rating to a “buy” rating in a research note on Friday, June 27th. They now have a GBX 185 ($3.15) price target on the stock, up previously from GBX 135 ($2.30). Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lamprell Plc in a research note on Thursday, June 19th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Lamprell Plc has an average rating of “Hold” and a consensus price target of GBX 170.88 ($2.91).
Lamprell Plc (LON:LAM) opened at 156.50 on Thursday. Lamprell Plc has a 52 week low of GBX 110.775 and a 52 week high of GBX 166.00. The stock’s 50-day moving average is GBX 155.0 and its 200-day moving average is GBX 145.6. The company’s market cap is £407.4 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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