Lamprell Plc Rating Reiterated by JPMorgan Chase & Co. (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday. They currently have a GBX 180 ($2.98) target price on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 15.20% from the company’s current price.
A number of other firms have also recently commented on LAM. Analysts at Liberum Capital reiterated a “hold” rating on shares of Lamprell Plc in a research note on Thursday. They now have a GBX 162 ($2.68) price target on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of Lamprell Plc in a research note on Tuesday, July 8th. They now have a GBX 160 ($2.65) price target on the stock. Finally, 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 ($2.73) price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lamprell Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 174 ($2.88).
Shares of Lamprell Plc (LON:LAM) traded down 0.64% during mid-day trading on Thursday, hitting GBX 155.25. The stock had a trading volume of 268,777 shares. Lamprell Plc has a 52-week low of GBX 110.775 and a 52-week high of GBX 166.00. The stock has a 50-day moving average of GBX 150.6 and a 200-day moving average of GBX 148.1. The company’s market cap is £404.2 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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