Lamprell Plc (LON:LAM) Given Consensus Recommendation of “Hold” by Analysts

Lamprell Plc (LON:LAM) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 91.43 ($1.19).

Several research firms have weighed in on LAM. JPMorgan Chase & Co. dropped their price target on Lamprell Plc from GBX 122 ($1.59) to GBX 90 ($1.17) and set an “overweight” rating for the company in a research note on Thursday, June 16th. Canaccord Genuity decreased their price objective on Lamprell Plc from GBX 95 ($1.24) to GBX 70 ($0.91) and set a “buy” rating on the stock in a report on Friday, September 30th. Finally, Liberum Capital cut Lamprell Plc to a “hold” rating and decreased their price objective for the stock from GBX 118 ($1.54) to GBX 81 ($1.06) in a report on Tuesday, September 27th.

Lamprell Plc (LON:LAM) traded down 3.73% during mid-day trading on Thursday, reaching GBX 71.00. 350,558 shares of the company traded hands. Lamprell Plc has a 12-month low of GBX 55.00 and a 12-month high of GBX 142.00. The firm’s market capitalization is GBX 242.61 million. The company’s 50 day moving average price is GBX 64.91 and its 200 day moving average price is GBX 74.41.

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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