Gulf Marine Services PLC (LON:GMS) Now Covered by Analysts at Investec

Analysts at Investec began coverage on shares of Gulf Marine Services PLC (LON:GMS) in a report issued on Monday, July 24th. The brokerage set a “buy” rating and a GBX 120 ($1.58) price target on the stock. Investec’s price objective indicates a potential upside of 200.00% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity increased their target price on shares of Gulf Marine Services PLC from GBX 70 ($0.92) to GBX 80 ($1.06) and gave the stock a “buy” rating in a research note on Friday, April 21st. Barclays PLC reiterated an “equal weight” rating and set a GBX 85 ($1.12) target price on shares of Gulf Marine Services PLC in a research note on Wednesday, May 17th.

Gulf Marine Services PLC (GMS) opened at 40.00 on Monday. The company’s 50 day moving average price is GBX 56.09 and its 200-day moving average price is GBX 65.13. Gulf Marine Services PLC has a one year low of GBX 29.16 and a one year high of GBX 75.95. The stock’s market capitalization is GBX 139.81 million.

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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.