Lamprell Plc (LAM) Lowered to Hold at Liberum Capital

Liberum Capital cut shares of Lamprell Plc (LON:LAM) to a hold rating in a research report released on Tuesday. Liberum Capital currently has GBX 81 ($1.06) price target on the stock, down from their previous price target of GBX 118 ($1.54).

LAM has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price target on Lamprell Plc from GBX 58 ($0.76) to GBX 53 ($0.69) and set a neutral rating for the company in a research note on Friday, September 23rd. Canaccord Genuity reiterated a hold rating and issued a GBX 95 ($1.24) price target on shares of Lamprell Plc in a research note on Wednesday, August 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 91.43 ($1.19).

Analyst Recommendations for Lamprell Plc (LON:LAM)

Shares of Lamprell Plc (LON:LAM) opened at 69.00 on Tuesday. The company’s 50-day moving average price is GBX 64.62 and its 200 day moving average price is GBX 75.43. Lamprell Plc has a 1-year low of GBX 55.00 and a 1-year high of GBX 142.00. The company’s market cap is GBX 235.78 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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