Nomura Reaffirms Buy Rating for Lamprell Plc (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “buy” rating reissued by investment analysts at Nomura in a note issued to investors on Friday. They currently have a GBX 215 ($3.56) price objective on the stock. Nomura’s target price suggests a potential upside of 38.71% from the stock’s previous close.
Shares of Lamprell Plc (LON:LAM) opened at 154.75 on Friday. Lamprell Plc has a one year low of GBX 110.775 and a one year high of GBX 166.00. The stock has a 50-day moving average of GBX 150.5 and a 200-day moving average of GBX 148.1. The company’s market cap is £402.9 million.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Lamprell Plc currently has an average rating of “Hold” and an average price target 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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