Lamprell’s (LAM) “Buy” Rating Reiterated at Numis Securities

Numis Securities reaffirmed their buy rating on shares of Lamprell (LON:LAM) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Lamprell from GBX 71 ($0.93) to GBX 68 ($0.89) and set a neutral rating for the company in a research report on Friday, April 5th. Canaccord Genuity reissued a buy rating and issued a GBX 105 ($1.37) price objective on shares of Lamprell in a report on Thursday, February 21st.

LAM traded up GBX 1.20 ($0.02) on Thursday, reaching GBX 68 ($0.89). 73,575 shares of the stock were exchanged, compared to its average volume of 104,745. Lamprell has a fifty-two week low of GBX 51.30 ($0.67) and a fifty-two week high of GBX 105 ($1.37). The company has a debt-to-equity ratio of 5.03, a quick ratio of 1.68 and a current ratio of 2.39. The stock has a market cap of $228.95 million and a P/E ratio of -3.29.

Lamprell Company Profile

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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