HSBC Cuts Lamprell to Neutral (LAM)
Lamprell (LON: LAM) was downgraded by equities research analysts at HSBC to a “neutral” rating in a research note issued to investors on Monday. They currently have a $2.26 (140 GBX) price target on the stock.
A number of other analysts have also recently weighed in on LAM. Analysts at Arden Partners Ltd upgraded shares of Lamprell to a “neutral” rating in a research note to investors on Thursday, January 3rd. Finally, analysts at Investec reiterated a “hold” rating on shares of Lamprell in a research note to investors on Wednesday, December 5th. They now have a $1.45 price target on the stock.
Shares of Lamprell opened at 122.2462 on Monday. Lamprell has a 52 week low of GBX 60.00 and a 52 week high of GBX 368.70. The stock’s 50-day moving average is currently GBX 0.. The company’s market cap is £318.3 million.
Lamprell plc is a holding company. The Company is engaged in the provision of diversified engineering and contracting products and services to the onshore and offshore oil and gas and renewables industry.
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