Lamprell Plc (LON:LAM) Receives GBX 91.43 Average Price Target from Brokerages
Shares of Lamprell Plc (LON:LAM) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 91.43 ($1.19).
A number of brokerages have issued reports 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 research note on Thursday, June 16th. Canaccord Genuity cut their price objective on Lamprell Plc from GBX 95 ($1.24) to GBX 70 ($0.91) and set a “buy” rating for the company in a research report on Friday, September 30th. Finally, Liberum Capital lowered Lamprell Plc to a “hold” rating and cut their price objective for the company from GBX 118 ($1.54) to GBX 81 ($1.06) in a research report on Tuesday, September 27th.
Lamprell Plc (LON:LAM) opened at 73.00 on Thursday. The company’s 50-day moving average price is GBX 64.91 and its 200 day moving average price is GBX 74.42. The stock’s market capitalization is GBX 249.45 million. Lamprell Plc has a 52-week low of GBX 55.00 and a 52-week high of GBX 139.25.
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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