Investec Reaffirms “Buy” Rating for Lamprell Plc (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “buy” rating reaffirmed by analysts at Investec in a report issued on Tuesday. They currently have a GBX 131 ($1.67) price objective on the stock. Investec’s price objective would indicate a potential upside of 27.18% from the company’s previous close.
Lamprell Plc (LON LAM) traded down 0.97% during mid-day trading on Tuesday, reaching GBX 102.00. The company’s stock had a trading volume of 99,172 shares. The company has a 50 day moving average of GBX 106.00 and a 200-day moving average of GBX 101.64. Lamprell Plc has a 52-week low of GBX 55.00 and a 52-week high of GBX 125.00. The stock’s market cap is GBX 348.54 million.
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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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