Gulf Marine Services PLC (GMS) Now Covered by Analysts at Investec
Equities researchers at Investec began coverage on shares of Gulf Marine Services PLC (LON:GMS) in a research report issued on Monday, July 24th. The firm set a “buy” rating and a GBX 120 ($1.56) price target on the stock. Investec’s price objective indicates a potential upside of 166.67% from the company’s current price.
A number of other brokerages have also recently issued reports on GMS. Canaccord Genuity lifted their price objective on shares of Gulf Marine Services PLC from GBX 70 ($0.91) to GBX 80 ($1.04) and gave the company a “buy” rating in a research note on Friday, April 21st. Barclays PLC reissued an “equal weight” rating and issued a GBX 85 ($1.10) price objective on shares of Gulf Marine Services PLC in a research note on Friday, March 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 95 ($1.23).
Shares of Gulf Marine Services PLC (GMS) traded up 1.12% on Monday, hitting GBX 45.00. The stock had a trading volume of 6,457 shares. The company has a 50 day moving average of GBX 51.80 and a 200-day moving average of GBX 63.27. The firm’s market capitalization is GBX 157.29 million. Gulf Marine Services PLC has a 12-month low of GBX 35.00 and a 12-month high of GBX 75.95.
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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