Investec Begins Coverage on Gulf Marine Services PLC (GMS)
Stock analysts at Investec started coverage on shares of Gulf Marine Services PLC (LON:GMS) in a research report issued on Monday. The firm set a “buy” rating and a GBX 120 ($1.56) price target on the stock. Investec’s price objective indicates a potential upside of 119.18% from the company’s current price.
GMS has been the subject of a number of other research reports. Barclays PLC reiterated an “equal weight” rating and set a GBX 85 ($1.11) price objective on shares of Gulf Marine Services PLC in a research report on Friday, March 31st. Canaccord Genuity increased their price objective on Gulf Marine Services PLC from GBX 70 ($0.91) to GBX 80 ($1.04) and gave the company a “buy” rating in a research report on Friday, April 21st.
Gulf Marine Services PLC (GMS) traded up 4.48% during trading on Monday, reaching GBX 58.25. The company had a trading volume of 68,865 shares. The firm’s 50 day moving average is GBX 57.36 and its 200-day moving average is GBX 65.46. Gulf Marine Services PLC has a 12 month low of GBX 29.16 and a 12 month high of GBX 75.95. The company’s market capitalization is GBX 203.60 million.
Gulf Marine Services PLC Company Profile
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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