Is there a Bearish outlook for Lamprell plc (LON:LAM) this week?

October 13, 2018 - By Adrian Mccoy

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Lamprell plc (LON:LAM) Ratings Coverage

Among 3 analysts covering Lamprell PLC (LON:LAM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Lamprell PLC had 3 analyst reports since May 11, 2018 according to SRatingsIntel. JP Morgan maintained it with “Neutral” rating and GBX 77 target in Friday, May 11 report. The firm earned “Buy” rating on Friday, September 21 by Numis Securities. Canaccord Genuity maintained Lamprell plc (LON:LAM) rating on Friday, October 12. Canaccord Genuity has “Buy” rating and GBX 105 target. Below is a list of Lamprell plc (LON:LAM) latest ratings and price target changes.

12/10/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 115.00 New Target: GBX 105.00 Reiteration
21/09/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 86.00 Maintain
11/05/2018 Broker: JP Morgan Rating: Neutral Old Target: GBX 78.00 New Target: GBX 77.00 Maintain

The stock increased 0.63% or GBX 0.4 during the last trading session, reaching GBX 64.4. About 63,430 shares traded. Lamprell plc (LON:LAM) has 0.00% since October 13, 2017 and is . It has underperformed by 15.62% the S&P500.

Lamprell plc, through its subsidiaries, provides fabrication, engineering, and contracting services to the offshore and onshore gas and oil, and renewable energy industries in the United Arab Emirates and the Kingdom of Saudi Arabia. The company has market cap of 220.06 million GBP. The firm engages in the design and construction of new build jackup drilling rigs and multi-purpose liftboats; offshore construction activities, such as complex living quarters, wellhead decks, topsides, jackets, parts for FPSOs/FPUs, and other offshore fixed facilities; and fabricates packaged, pre-assembled, and modularized units, as well as accommodation modules and complex process modules for onshore LNG and downstream modular construction projects It also provides gas and oil contracting services, including land rig, rig refurbishment and maintenance, and site work services; engineering and construction services; and manpower supply and ancillary services. It currently has negative earnings.

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