Liberum Capital Reiterates “Buy” Rating for Lamprell Plc (LAM)

Lamprell Plc (LON:LAM)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 118 ($1.54) price objective on the stock. Liberum Capital’s target price would indicate a potential upside of 84.38% from the company’s current price.

A number of other brokerages have also issued reports on LAM. JPMorgan Chase & Co. dropped 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 report on Thursday, June 16th. Canaccord Genuity reissued a “hold” rating and set a GBX 95 ($1.24) target price on shares of Lamprell Plc in a research report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 100.29 ($1.31).

Analyst Recommendations for Lamprell Plc (LON:LAM)

Shares of Lamprell Plc (LON:LAM) opened at 69.00 on Thursday. The company’s market cap is GBX 235.78 million. Lamprell Plc has a 12 month low of GBX 55.00 and a 12 month high of GBX 142.00. The stock has a 50 day moving average of GBX 64.70 and a 200-day moving average of GBX 76.75.

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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