Lamprell Plc (LAM) Coverage Initiated at Numis Securities Ltd

Investment analysts at Numis Securities Ltd assumed coverage on shares of Lamprell Plc (LON:LAM) in a research note issued to investors on Tuesday, July 18th, Marketbeat Ratings reports. The firm set a “buy” rating and a GBX 138 ($1.82) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 44.13% from the company’s current price.

Separately, Investec restated a “buy” rating and issued a GBX 131 ($1.73) price objective on shares of Lamprell Plc in a research note on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 100.60 ($1.33).

Lamprell Plc (LAM) traded down 1.79% during trading on Tuesday, hitting GBX 95.75. The company had a trading volume of 131,798 shares. Lamprell Plc has a 52-week low of GBX 55.00 and a 52-week high of GBX 125.00. The stock’s market capitalization is GBX 327.19 million. The firm’s 50 day moving average is GBX 102.64 and its 200-day moving average is GBX 102.67.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by [[site]] and is owned by of [[site]]. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at [[permalink]].

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.