Lamprell Plc’s “Neutral” Rating Reaffirmed at HSBC (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “neutral” rating reaffirmed by HSBC in a research note issued on Tuesday. They currently have a GBX 160 ($2.74) price target on the stock. HSBC’s target price suggests a potential upside of 3.23% from the company’s current price.
Shares of Lamprell Plc (LON:LAM) opened at 155.00 on Tuesday. 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 155.7 and its 200-day moving average is GBX 146.0. The company’s market cap is £403.5 million.
A number of other analysts have also recently weighed in on LAM. Analysts at Arden Partners Ltd reiterated a “neutral” rating on shares of Lamprell Plc in a research note on Thursday, July 3rd. They now have a GBX 165 ($2.83) price target on the stock. Separately, analysts at Investec raised their price target on shares of Lamprell Plc from GBX 155 ($2.66) to GBX 160 ($2.74) in a research note on Tuesday, July 1st. They now have a “hold” rating on the stock. Finally, 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 ($3.17) price target on the stock, up previously from GBX 135 ($2.32). Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 173.14 ($2.97).
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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