Lamprell (LON:LAM) Share Price Crosses Above 200 Day Moving Average of $57.29

Lamprell Plc (LON:LAM) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $57.29 and traded as high as $43.10. Lamprell shares last traded at $42.20, with a volume of 25,228 shares trading hands.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Lamprell from GBX 68 ($0.89) to GBX 64 ($0.84) and set a “neutral” rating on the stock in a report on Thursday, August 15th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 105 ($1.37) target price on shares of Lamprell in a report on Tuesday, August 20th.

The business has a fifty day moving average of GBX 47.29 and a 200-day moving average of GBX 57.18. The stock has a market capitalization of $147.63 million and a price-to-earnings ratio of -1.46. The company has a debt-to-equity ratio of 29.36, a current ratio of 2.05 and a quick ratio of 1.40.

Lamprell Company Profile (LON:LAM)

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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