Shaw Stockbroking Reaffirms “Buy” Rating for Mermaid Marine Australia Limited (MRM)
Mermaid Marine Australia Limited (ASX:MRM)‘s stock had its “buy” rating reiterated by stock analysts at Shaw Stockbroking in a report issued on Monday. They currently have a $3.20 target price on the stock.
A number of other firms have also recently commented on MRM. Analysts at Hartley’s Research reiterated a “neutral” rating on shares of Mermaid Marine Australia Limited in a research note on Thursday, June 5th. They now have a $2.38 price target on the stock.
Shares of Mermaid Marine Australia Limited (ASX:MRM) opened at 2.340 on Monday. Mermaid Marine Australia Limited has a 52-week low of A$1.945 and a 52-week high of A$3.980. The stock’s 50-day moving average is A$2.0 and its 200-day moving average is A$2.24. The company has a market cap of A$858.2 million and a price-to-earnings ratio of 12.34.
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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