Gulf Marine Services PLC (GMS) Stock Rating Reaffirmed by Barclays PLC
Gulf Marine Services PLC (LON:GMS)‘s stock had its “equal weight” rating reissued by Barclays PLC in a note issued to investors on Wednesday. They presently have a GBX 59 ($0.80) price objective on the stock. Barclays PLC’s target price points to a potential upside of 29.67% from the company’s current price.
Several other equities analysts have also issued reports on GMS. Investec started coverage on Gulf Marine Services PLC in a research note on Monday, July 24th. They set a “buy” rating and a GBX 120 ($1.62) price target on the stock. Numis Securities Ltd cut their price target on Gulf Marine Services PLC from GBX 130 ($1.75) to GBX 95 ($1.28) and set a “buy” rating on the stock in a research note on Thursday, August 10th.
Gulf Marine Services PLC (LON:GMS) opened at 45.50 on Wednesday. Gulf Marine Services PLC has a 12-month low of GBX 38.00 and a 12-month high of GBX 75.95. The company’s 50-day moving average price is GBX 45.43 and its 200-day moving average price is GBX 59.90. The firm’s market capitalization is GBX 159.04 million.
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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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