Lamprell Plc (LAM) Downgraded by Liberum Capital to “Hold”
Liberum Capital cut shares of Lamprell Plc (LON:LAM) to a hold rating in a research note published on Tuesday. Liberum Capital currently has GBX 81 ($1.06) price objective on the stock, down from their previous price objective of GBX 118 ($1.54).
Several other analysts have also issued reports on LAM. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Lamprell Plc in a research note on Wednesday, July 27th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 95 ($1.24) target price on shares of Lamprell Plc in a research note on Wednesday, August 31st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 95 ($1.24).
Lamprell Plc (LON:LAM) opened at 67.0102 on Tuesday. The company has a 50-day moving average of GBX 64.72 and a 200-day moving average of GBX 75.84. The company’s market cap is GBX 228.98 million. Lamprell Plc has a one year low of GBX 55.00 and a one year high of GBX 142.00.
About Lamprell Plc
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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