Gulf Marine Services (LON:GMS) Rating Reconfirmed

JP Morgan Cazenove reiterated their Overweight rating on Gulf Marine Services (LON:GMS)’s stock in an analyst report made public on Friday, 1 April.

According to data compiled by Thomson Reuters, Gulf Marine Services (LON:GMS)’s stock is covered by 4 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is GBX 130, which reflects an upside potential of 98.84% over the current price.

LON:GMS Price Chart & Trend

The stock price of Gulf Marine Services dropped 47.4% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Gulf Marine Services is down 26.76% and down 43.21%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Gulf Marine Services (LON:GMS) Profile

Gulf Marine Services PLC (GMS) is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company builds and maintains its vessels in Abu Dhabi and operates vessels from its offices in Abu Dhabi, Saudi Arabia and the United Kingdom. The Company operates through three segments: Small vessels, Large vessels and Other vessels.

Gulf Marine Services (LON:GMS) traded down -2.59% on 1 April, hitting GBX 64.05. A total of 14,771 shares of the company’s stock traded hands. This is down from average of 185,066 shares. Gulf Marine Services has a 52 week low of GBX 63.50 and a 52 week high of GBX 139.97. The company has a market cap of 224.16 million GBX and a P/E ratio of 4.33.

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