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.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/19/gulf-marine-services-plc-gms-now-covered-by-analysts-at-investec-updated-updated-updated.html.

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.

Analyst Recommendations for Gulf Marine Services PLC (LON:GMS)

Receive News & Stock Ratings for Gulf Marine Services PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Marine Services PLC and related stocks with our FREE daily email newsletter.