Analysts at Numis Securities Ltd began coverage on shares of Lamprell Plc (LON:LAM) in a report issued on Tuesday, July 18th, Marketbeat Ratings reports. The firm set a “buy” rating and a GBX 138 ($1.80) price target on the stock. Numis Securities Ltd’s price target points to a potential upside of 39.39% from the company’s current price.
Separately, Investec reiterated a “buy” rating and issued a GBX 131 ($1.71) price objective on shares of Lamprell Plc in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Lamprell Plc presently has a consensus rating of “Hold” and a consensus price target of GBX 100.60 ($1.31).
Shares of Lamprell Plc (LON LAM) opened at 99.00 on Tuesday. Lamprell Plc has a 1-year low of GBX 55.00 and a 1-year high of GBX 125.00. The firm’s market cap is GBX 338.29 million. The stock has a 50 day moving average of GBX 103.59 and a 200 day moving average of GBX 102.67.
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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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