Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price target 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. Investec reiterated a hold rating and issued a GBX 72 ($0.99) price target (down from GBX 81 ($1.12)) on shares of Lamprell in a research report on Thursday, March 22nd.
Shares of Lamprell (LON LAM) opened at GBX 73.20 ($1.01) on Friday. The firm has a market cap of $268.93 and a P/E ratio of -197.84. Lamprell has a 52-week low of GBX 56.50 ($0.78) and a 52-week high of GBX 125 ($1.73).
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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