Mermaid Marine Australia Limited Stock Rating Reaffirmed by Hartley’s Research (MRM)
Mermaid Marine Australia Limited (ASX:MRM)‘s stock had its “neutral” rating reiterated by equities research analysts at Hartley’s Research in a research note issued to investors on Thursday. They currently have a $2.38 price objective on the stock.
Mermaid Marine Australia Limited (ASX:MRM) traded up 5.00% during mid-day trading on Thursday, hitting A$2.100. The stock had a trading volume of 2,236,143 shares. Mermaid Marine Australia Limited has a 1-year low of A$1.945 and a 1-year high of A$4.200. The stock’s 50-day moving average is A$2.16 and its 200-day moving average is A$2.68. The company has a market cap of A$488.6 million and a P/E ratio of 8.93.
Separately, 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) 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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