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Lamprell PLC (LON:LAM) target price lowered to 53.00GBX, reported today by JP Morgan Cazenove

Yesterday Lamprell PLC (LON:LAM) traded 7.56% higher at 61.88GBX. The company’s 50-day moving average is 65.08GBX and its 200-day moving average is 76.95GBX. The last stock close price is down -21.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,153,739 shares of the stock were exchanged, up from an average trading volume of 331,483

Lamprell PLC (LON:LAM) had its target price lowered to 53.00GBX by JP Morgan Cazenove in a report released 09/23/2016. The new target price indicates a possible downside of -0.14% based on the company's last stock close price.

Previously on Thursday September 22, 2016, Liberum Capital reported about Lamprell PLC (LON:LAM) held steady the target price at 118.00GBX. At the time, this indicated a possible upside of 0.94%.

See Chart Below

Lamprell PLC (LON:LAM)

Lamprell PLC has a 52 week low of 55.00GBX and a 52 week high of 142.00GBX with a P/E ratio of 3.20 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is 1.40GBX with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 2 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Lamprell PLC (LON:LAM)

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. The Company's subsidiaries include Lamprell Energy Limited, Lamprell Investment Holdings Limited, Lamprell Dubai LLC, Lamprell Sharjah WLL, Maritime Offshore Limited, Maritime Offshore Construction Limited and International Inspection Services Limited.

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