Lamprell (LON:LAM) Sets New 52-Week Low Following Analyst Downgrade

Lamprell Plc (LON:LAM) reached a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 68 to GBX 64. JPMorgan Chase & Co. currently has a neutral rating on the stock. Lamprell traded as low as GBX 48.20 ($0.63) and last traded at GBX 50 ($0.65), with a volume of 66704 shares trading hands. The stock had previously closed at GBX 49.90 ($0.65).

Separately, Numis Securities reaffirmed a “buy” rating on shares of Lamprell in a research note on Thursday, May 16th.

The firm’s 50 day moving average price is GBX 56.60. 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 company has a market capitalization of $170.86 million and a P/E ratio of -2.42.

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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