Lamprell’s (LAM) “Buy” Rating Reaffirmed at Numis Securities

Lamprell (LON:LAM)‘s stock had its “buy” rating reissued by stock analysts at Numis Securities in a research note issued to investors on Monday. They presently have a GBX 119 ($1.61) price objective on the stock. Numis Securities’ target price would suggest a potential upside of 39.62% from the stock’s current price.

Shares of Lamprell (LAM) opened at GBX 85.23 ($1.16) on Monday. Lamprell has a 52-week low of GBX 56.50 ($0.77) and a 52-week high of GBX 125 ($1.70). The firm has a market capitalization of $287.42 and a price-to-earnings ratio of -224.29.

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Lamprell Company Profile

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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