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Liberum Capital announced Lamprell PLC (LON:LAM), upholding its stock price target at 118.00GBX today

Yesterday Lamprell PLC (LON:LAM) traded 4.92% higher at 60.75GBX. The company’s 50-day moving average is 64.70GBX and its 200-day moving average is 76.75GBX. The last closing price is down -16.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 410,823 shares of the stock traded hands, up from an average trading volume of 352,937

In a report issued 09/22/2016 Liberum Capital hold steady the target of Lamprell PLC (LON:LAM) from 118.00GBX to 118.00GBX reporting a potential upside of 0.94%.

Previously on 09/01/2016, Liberum Capital reported on Lamprell PLC (LON:LAM) reduced the target price from 135.00GBX to 118.00GBX. At the time, this indicated a possible upside of 0.88%.

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 3.40 The company’s market cap is currently 0 GBX.

In addition to Liberum Capital reporting its stock price target, a total of 5 brokers have issued a report on the company. The average stock price target is 1.40GBX with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 2 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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