Gulf Marine Services PLC (LON:GMS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a research note issued on Wednesday. They currently have a GBX 85 ($1.10) target price on the stock. Barclays PLC’s target price would suggest a potential upside of 32.81% from the company’s current price.

Separately, Canaccord Genuity boosted their price target on shares of Gulf Marine Services PLC from GBX 70 ($0.90) to GBX 80 ($1.03) and gave the company a “buy” rating in a research note on Friday, April 21st.

Shares of Gulf Marine Services PLC (LON:GMS) traded down 5.88% during midday trading on Wednesday, hitting GBX 64.00. 1,455,028 shares of the stock traded hands. The firm has a 50-day moving average price of GBX 70.83 and a 200-day moving average price of GBX 61.70. Gulf Marine Services PLC has a 52 week low of GBX 29.16 and a 52 week high of GBX 75.95. The stock’s market capitalization is GBX 223.70 million.

The firm also recently declared a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, April 13th will be paid a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 1.72%. The ex-dividend date is Thursday, April 13th. This is a positive change from Gulf Marine Services PLC’s previous dividend of $0.41.

ILLEGAL ACTIVITY NOTICE: “Barclays PLC Reiterates “Equal weight” Rating for Gulf Marine Services PLC (GMS)” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/05/18/barclays-plc-reiterates-equal-weight-rating-for-gulf-marine-services-plc-gms.html.

About Gulf Marine Services PLC

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. The Company constructs and maintains its vessels in Abu Dhabi.

Receive News & Ratings for Gulf Marine Services PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Marine Services PLC and related companies with MarketBeat.com's FREE daily email newsletter.