Lamprell Plc (LAM) Receives GBX 91.43 Average Target Price from Analysts
Shares of Lamprell Plc (LON:LAM) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 91.43 ($1.13).
Several brokerages have commented on LAM. Canaccord Genuity dropped their price target on shares of Lamprell Plc from GBX 95 ($1.18) to GBX 70 ($0.87) and set a “buy” rating on the stock in a research note on Friday, September 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lamprell Plc in a research note on Wednesday, July 27th. Finally, Liberum Capital lowered shares of Lamprell Plc to a “hold” rating and dropped their price target for the company from GBX 118 ($1.46) to GBX 81 ($1.00) in a research note on Tuesday, September 27th.
Lamprell Plc (LON:LAM) opened at 77.00 on Thursday. The firm’s market capitalization is GBX 263.12 million. Lamprell Plc has a 1-year low of GBX 55.00 and a 1-year high of GBX 111.75. The company has a 50 day moving average of GBX 72.20 and a 200 day moving average of GBX 71.63.
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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