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Mermaid Marine Australia Limited (ASX:MRM)‘s stock had its “neutral” rating restated by research analysts at Hartley’s Research in a report released on Tuesday. They currently have a $2.38 price objective on the stock.

A number of other analysts have also recently weighed in on MRM. Analysts at Shaw Stockbroking reiterated a “buy” rating on shares of Mermaid Marine Australia Limited in a research note on Wednesday, March 12th. They now have a $4.10 price target on the stock.

Mermaid Marine Australia Limited (ASX:MRM) traded up 1.88% on Tuesday, hitting A$2.170. 917,199 shares of the company’s stock traded hands. Mermaid Marine Australia Limited has a 1-year low of A$2.080 and a 1-year high of A$4.200. The stock has a 50-day moving average of A$2.24 and a 200-day moving average of A$2.79. The company has a market cap of A$504.9 million and a P/E ratio of 9.51.

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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