Liberum Capital lowered shares of Lamprell Plc (LON:LAM) to a hold rating in a report issued on Tuesday. The brokerage currently has GBX 81 ($1.06) price target on the stock, down from their prior price target of GBX 118 ($1.54).
A number of other brokerages have also weighed in on LAM. JPMorgan Chase & Co. decreased their target price on Lamprell Plc from GBX 122 ($1.59) to GBX 90 ($1.17) and set an overweight rating for the company in a research report on Thursday, June 16th. Canaccord Genuity reaffirmed a hold rating and set a GBX 95 ($1.24) target price on shares of Lamprell Plc in a research report on Friday, July 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 95 ($1.24).
Shares of Lamprell Plc (LON:LAM) opened at 67.0102 on Tuesday. The stock’s market capitalization is GBX 228.98 million. The company has a 50-day moving average price of GBX 64.72 and a 200 day moving average price of GBX 75.84. Lamprell Plc has a 52 week low of GBX 55.00 and a 52 week high of GBX 142.00.
Lamprell Plc 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.
Receive News & Ratings for Lamprell Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamprell Plc and related companies with MarketBeat.com's FREE daily email newsletter.