Gulf Marine Services PLC (GMS) Rating Reiterated by Canaccord Genuity

Gulf Marine Services PLC (LON:GMS)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a GBX 60 ($0.78) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 25.65% from the company’s previous close.

A number of other research analysts also recently commented on GMS. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Gulf Marine Services PLC in a research report on Thursday, September 1st. Barclays PLC dropped their target price on shares of Gulf Marine Services PLC from GBX 57 ($0.74) to GBX 55 ($0.72) and set an “equal weight” rating on the stock in a research report on Thursday, September 1st.

Gulf Marine Services PLC (LON:GMS) opened at 47.75 on Monday. The firm has a 50-day moving average of GBX 45.67 and a 200-day moving average of GBX 47.38. The stock’s market cap is GBX 166.90 million. Gulf Marine Services PLC has a 12-month low of GBX 29.16 and a 12-month high of GBX 123.50.

The firm also recently declared a dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 8th were paid a dividend of GBX 0.41 ($0.01) per share. This represents a yield of 0.9%. The ex-dividend date was Thursday, September 8th.

In related news, insider Anderson,Duncan sold 600,000 shares of the stock in a transaction on Monday, September 19th. The shares were 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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