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Mermaid Marine Australia Limited (ASX:MRM)‘s stock had its “buy” rating reiterated by stock analysts at Shaw Stockbroking in a report issued on Tuesday. They currently have a $3.20 target price on the stock.

Separately, 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.

Mermaid Marine Australia Limited (ASX:MRM) traded up 1.32% during mid-day trading on Tuesday, hitting A$2.310. 7,476,331 shares of the company’s stock traded hands. Mermaid Marine Australia Limited has a one year low of A$1.945 and a one year high of A$3.860. The stock’s 50-day moving average is A$2.10 and its 200-day moving average is A$2.22. The company has a market cap of A$847.2 million and a P/E ratio of 12.13.

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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