Lamprell (LON:LAM) Earns Buy Rating from Numis Securities

Lamprell (LON:LAM)‘s stock had its “buy” rating reissued by research analysts at Numis Securities in a research note issued on Wednesday, March 27th, LSE.Co.UK reports. They currently have a GBX 76 ($0.99) target price on the stock. Numis Securities’ price target points to a potential upside of 20.06% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Canaccord Genuity reiterated a “buy” rating and issued a GBX 105 ($1.37) target price on shares of Lamprell in a research note on Thursday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of Lamprell from GBX 77 ($1.01) to GBX 73 ($0.95) and set a “neutral” rating on the stock in a research note on Friday, January 11th.

LAM stock traded up GBX 0.50 ($0.01) during trading on Wednesday, reaching GBX 63.30 ($0.83). The stock had a trading volume of 159,668 shares, compared to its average volume of 104,745. The company has a market capitalization of $216.30 million and a price-to-earnings ratio of -3.06. Lamprell has a one year low of GBX 51.30 ($0.67) and a one year 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.

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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