Gulf Marine Services PLC’s (GMS) “Buy” Rating Reaffirmed at Canaccord Genuity
Gulf Marine Services PLC (LON:GMS)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report issued on Monday. They presently have a GBX 60 ($0.78) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 20.00% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Barclays PLC decreased their price objective on shares of Gulf Marine Services PLC from GBX 95 ($1.24) to GBX 57 ($0.74) and set an “equal weight” rating for the company in a research note on Wednesday, July 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Gulf Marine Services PLC in a research note on Thursday, September 1st.
Shares of Gulf Marine Services PLC (LON:GMS) traded down 1.9956% during trading on Monday, hitting GBX 49.2472. 1,163,762 shares of the company were exchanged. The firm’s market capitalization is GBX 172.13 million. The firm’s 50-day moving average price is GBX 44.83 and its 200 day moving average price is GBX 48.06. Gulf Marine Services PLC has a 12 month low of GBX 29.16 and a 12 month high of GBX 123.50.
The firm also recently disclosed a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th will be paid a dividend of GBX 0.41 ($0.01) per share. This represents a yield of 0.9%. The ex-dividend date is Thursday, September 8th.
In other Gulf Marine Services PLC news, insider Anderson,Duncan sold 600,000 shares of Gulf Marine Services PLC stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of GBX 50 ($0.65), for a total transaction of £300,000 ($391,593.79).
About Gulf Marine Services PLC
Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. The Company constructs and maintains its vessels in Abu Dhabi.
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