Lamprell’s (LAM) Hold Rating Reaffirmed at Investec

Investec reiterated their hold rating on shares of Lamprell (LON:LAM) in a research report sent to investors on Thursday. They currently have a GBX 72 ($0.99) price objective on the stock, down from their prior price objective of GBX 81 ($1.12).

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Lamprell from GBX 82 ($1.13) to GBX 78 ($1.08) and set a neutral rating on the stock in a research report on Friday, February 2nd. Numis Securities decreased their target price on shares of Lamprell from GBX 119 ($1.64) to GBX 99 ($1.37) and set a buy rating on the stock in a research report on Friday, January 26th.

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Shares of Lamprell stock opened at GBX 74 ($1.02) on Thursday. Lamprell has a 12-month low of GBX 56.50 ($0.78) and a 12-month high of GBX 125 ($1.73). The firm has a market cap of $268.93 and a PE ratio of -200.00.

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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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