Canaccord Genuity Cuts Lamprell (LAM) Price Target to GBX 105

Lamprell (LON:LAM) had its price objective cut by Canaccord Genuity from GBX 115 ($1.50) to GBX 105 ($1.37) in a report released on Friday. They currently have a buy rating on the stock.

Separately, Numis Securities restated a buy rating on shares of Lamprell in a research report on Friday, September 21st.

LAM stock traded up GBX 0.40 ($0.01) during midday trading on Friday, reaching GBX 64.40 ($0.84). 89,923 shares of the stock were exchanged, compared to its average volume of 104,745. Lamprell has a 52 week low of GBX 56.50 ($0.74) and a 52 week high of GBX 125 ($1.63).

About Lamprell

Lamprell plc, together with its subsidiaries, provides fabrication, engineering, and contracting services to the offshore and onshore oil and gas, and renewable energy industries in the United Arab Emirates and the Kingdom of Saudi Arabia. The company operates in two segments, Fabrication and Engineering, and Services.

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