Gulf Marine Services PLC’s (GMS) Equal weight Rating Reiterated at Barclays PLC

Gulf Marine Services PLC (LON:GMS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a report released on Wednesday. They currently have a GBX 59 ($0.80) price objective on the stock. Barclays PLC’s price target would suggest a potential upside of 29.67% from the stock’s current price.

Several other equities research analysts also recently commented on GMS. Investec initiated coverage on shares of Gulf Marine Services PLC in a research report on Monday, July 24th. They issued a “buy” rating and a GBX 120 ($1.62) price target for the company. Numis Securities Ltd reduced their price target on shares of Gulf Marine Services PLC from GBX 130 ($1.75) to GBX 95 ($1.28) and set a “buy” rating for the company in a research report on Thursday, August 10th.

Shares of Gulf Marine Services PLC (LON:GMS) opened at 45.50 on Wednesday. The firm has a 50-day moving average of GBX 45.43 and a 200 day moving average of GBX 59.90. Gulf Marine Services PLC has a 1-year low of GBX 38.00 and a 1-year high of GBX 75.95. The stock’s market capitalization is GBX 159.03 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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