Barclays PLC Reiterates “Equal weight” Rating for Gulf Marine Services PLC (GMS)
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.
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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.
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