Lamprell (LAM) Stock Rating Reaffirmed by Numis Securities
Lamprell (LON:LAM)‘s stock had its “buy” rating restated by equities researchers at Numis Securities in a research note issued to investors on Thursday. They presently have a GBX 119 ($1.59) price objective on the stock. Numis Securities’ price target would indicate a potential upside of 77.61% from the stock’s current price.
Lamprell (LON:LAM) traded down GBX 1 ($0.01) during trading on Thursday, reaching GBX 67 ($0.90). 248,524 shares of the company were exchanged, compared to its average volume of 275,596. Lamprell has a 1-year low of GBX 56.50 ($0.76) and a 1-year high of GBX 125 ($1.67).
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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