Canaccord Genuity reiterated their buy rating on shares of Gulf Marine Services PLC (LON:GMS) in a research report report published on Monday. They currently have a GBX 60 ($0.78) price target on the stock.
Several other brokerages have also recently issued reports on GMS. JPMorgan Chase & Co. dropped their target price on Gulf Marine Services PLC from GBX 74 ($0.97) to GBX 58 ($0.76) 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.
Gulf Marine Services PLC (LON:GMS) opened at 46.25 on Monday. The firm has a 50-day moving average price of GBX 46.28 and a 200 day moving average price of GBX 47.18. Gulf Marine Services PLC has a 1-year low of GBX 29.16 and a 1-year high of GBX 123.50. The stock’s market cap is GBX 161.66 million.
The firm also recently declared a dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 8th were issued a dividend of GBX 0.41 ($0.01) per share. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, September 8th.
In other news, insider Anderson,Duncan sold 600,000 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of GBX 50 ($0.65), for a total transaction of £300,000 ($391,593.79).
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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