Mermaid Marine Australia Limited Price Target Increased to $3.19 by Analysts at Morningstar (MRM)
Stock analysts at Morningstar upped their target price on shares of Mermaid Marine Australia Limited (ASX:MRM) to $3.19 in a report issued on Friday, American Banking News.com reports. The firm currently has a “reduce” rating on the stock.
Mermaid Marine Australia Limited (ASX:MRM) traded up 0.69% during mid-day trading on Friday, hitting A$2.930. 339,876 shares of the company’s stock traded hands. Mermaid Marine Australia Limited has a one year low of A$2.845 and a one year high of A$4.270. The stock has a 50-day moving average of A$3.13 and a 200-day moving average of A$3.54. The company has a market cap of A$676.6 million and a P/E ratio of 10.98.
Mermaid Marine Australia Limited (ASX:MRM) is engaged in the provision of marine logistics and supply base services throughout all phases of the oil and gas development cycle.
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