Lamprell Plc (LAM) PT Lowered to GBX 70
Lamprell Plc (LON:LAM) had its price target lowered by equities research analysts at Canaccord Genuity from GBX 95 ($1.24) to GBX 70 ($0.91) in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock.
LAM has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price objective on shares of Lamprell Plc from GBX 122 ($1.59) to GBX 90 ($1.17) and set an “overweight” rating on the stock in a research report on Thursday, June 16th. Liberum Capital cut shares of Lamprell Plc to a “hold” rating and lowered their price objective for the company from GBX 118 ($1.54) to GBX 81 ($1.06) in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 91.43 ($1.19).
Shares of Lamprell Plc (LON:LAM) opened at 68.50 on Friday. Lamprell Plc has a 12 month low of GBX 55.00 and a 12 month high of GBX 142.00. The company’s market cap is GBX 234.07 million. The firm’s 50-day moving average is GBX 64.62 and its 200-day moving average is GBX 75.52.
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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