Lamprell (LAM) Stock Rating Reaffirmed by Numis Securities
Lamprell (LON:LAM)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities in a report issued on Thursday. They currently have a GBX 119 ($1.59) price objective on the stock. Numis Securities’ target price would suggest a potential upside of 75.00% from the company’s previous close.
Lamprell (LON:LAM) traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 68 ($0.91). The stock had a trading volume of 2,080,897 shares, compared to its average volume of 275,596. Lamprell has a 12 month low of GBX 56.50 ($0.76) and a 12 month high of GBX 125 ($1.67).
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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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