Lamprell Plc’s “Hold” Rating Reiterated at Investec (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “hold” rating restated by analysts at Investec in a research report issued to clients and investors on Friday. They currently have a GBX 160 ($2.65) price objective on the stock. Investec’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 Friday. 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 150.5 and its 200-day moving average is GBX 148.1. The company’s market cap is £403.5 million.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Lamprell Plc in a research note on Friday. They now have a GBX 215 ($3.56) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lamprell Plc in a research note on Thursday. They now have a GBX 180 ($2.98) price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 177.75 ($2.94).
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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