Gulf Marine Services PLC (GMS) Price Target Cut to GBX 60
Gulf Marine Services PLC (LON:GMS) had its target price dropped by Canaccord Genuity from GBX 65 ($0.87) to GBX 60 ($0.80) in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 18.88% from the stock’s previous close.
A number of other brokerages have also recently weighed in on GMS. JPMorgan Chase & Co. reduced their target price on shares of Gulf Marine Services PLC from GBX 74 ($0.99) to GBX 58 ($0.77) and set a “neutral” rating for the company in a report on Thursday, June 16th. Barclays PLC restated an “equal weight” rating on shares of Gulf Marine Services PLC in a report on Monday, September 12th.
Shares of Gulf Marine Services PLC (LON:GMS) opened at 50.2495 on Thursday. Gulf Marine Services PLC has a 12-month low of GBX 29.16 and a 12-month high of GBX 123.50. The firm’s market capitalization is GBX 175.64 million. The stock’s 50 day moving average price is GBX 39.61 and its 200-day moving average price is GBX 49.65.
The company also recently disclosed a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 8th will be paid a GBX 0.41 ($0.01) dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 8th.
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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