JPMorgan Chase & Co. Lowers Lamprell Plc (LAM) Price Target to GBX 53

Lamprell Plc (LON:LAM) had its target price trimmed by JPMorgan Chase & Co. from GBX 58 ($0.76) to GBX 53 ($0.69) in a research report released on Friday. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. Liberum Capital reissued a buy rating and set a GBX 135 ($1.76) price objective on shares of Lamprell Plc in a report on Wednesday, August 3rd. Canaccord Genuity reissued a hold rating and set a GBX 95 ($1.24) price objective on shares of Lamprell Plc in a report on Friday, July 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 95 ($1.24).

Lamprell Plc (LON:LAM) opened at 65.50 on Friday. The company’s 50-day moving average price is GBX 64.71 and its 200-day moving average price is GBX 75.51. Lamprell Plc has a 52 week low of GBX 55.00 and a 52 week high of GBX 142.00. The company’s market capitalization is GBX 223.83 billion.

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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