Lamprell Plc (LON:LAM) Given Consensus Recommendation of “Hold” by Analysts
Lamprell Plc (LON:LAM) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 91.43 ($1.19).
A number of research firms have recently commented on LAM. JPMorgan Chase & Co. cut their price objective on shares of 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. Liberum Capital lowered shares of Lamprell Plc to a “hold” rating and cut their price objective for the company from GBX 118 ($1.54) to GBX 81 ($1.06) in a research report on Tuesday, September 27th. Finally, Canaccord Genuity cut their price objective on shares of Lamprell Plc from GBX 95 ($1.24) to GBX 70 ($0.91) and set a “buy” rating for the company in a research report on Friday, September 30th.
Lamprell Plc (LON:LAM) traded down 3.73% during midday trading on Thursday, reaching GBX 71.00. 350,558 shares of the company’s stock were exchanged. Lamprell Plc has a 12 month low of GBX 55.00 and a 12 month high of GBX 142.00. The firm has a 50 day moving average of GBX 64.91 and a 200-day moving average of GBX 74.41. The stock’s market cap is GBX 242.61 million.
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.
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