Lamprell Plc (LAM) Rating Reiterated by Liberum Capital
Lamprell Plc (LON:LAM)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued to investors on Thursday. They presently have a GBX 118 ($1.54) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 110.71% from the stock’s previous close.
A number of other research firms have also recently weighed in on LAM. JPMorgan Chase & Co. cut their price target on Lamprell Plc from GBX 122 ($1.59) to GBX 90 ($1.17) and set an “overweight” rating for the company in a report on Thursday, June 16th. Canaccord Genuity reissued a “hold” rating and issued a GBX 95 ($1.24) price target on shares of Lamprell Plc in a report on Friday, July 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 101 ($1.32).
Lamprell Plc (LON:LAM) opened at 61.388 on Thursday. Lamprell Plc has a 52 week low of GBX 55.00 and a 52 week high of GBX 142.00. The stock’s market cap is GBX 209.77 million. The stock has a 50 day moving average price of GBX 65.08 and a 200 day moving average price of GBX 76.96.
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About Lamprell Plc
Lamprell plc is a United Kingdom-based provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas, and renewable energy industries. The principal activities of the Company and its subsidiaries are the upgrade and refurbishment of offshore jackup rigs; fabrication; assembly and new build construction for the offshore oil and gas and renewable sector, including jackup rigs and liftboats; Floating Production, Storage and Offloading (FPSO) and other offshore and onshore structures, and oilfield engineering services, including the upgrade and refurbishment of land rigs.
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