Is Gulf Marine Services PLC a Buy? The Stock Rises Again

 Is Gulf Marine Services PLC a Buy? The Stock Rises Again

The stock of Gulf Marine Services PLC (LON:GMS) is a huge mover today! The stock decreased 9.14% or GBX 4.25 on November 7, hitting GBX 42.25. About 95,523 shares traded hands. Gulf Marine Services PLC (LON:GMS) has declined 23.14% since April 7, 2016 and is downtrending. It has underperformed by 25.10% the S&P500.
The move comes after 8 months positive chart setup for the GBX 147.69 million company. It was reported on Nov, 7 by Barchart.com. We have GBX 123.37 PT which if reached, will make LON:GMS worth GBX 283.56 million more.

Gulf Marine Services PLC (LON:GMS) Ratings Coverage

Out of 4 analysts covering Gulf Marine (LON:GMS), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Gulf Marine has been the topic of 34 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Overweight” on Wednesday, September 30. On Wednesday, March 23 the stock rating was downgraded by Barclays Capital to “Equal Weight”. On Wednesday, December 16 the stock rating was maintained by Barclays Capital with “Overweight”. Canaccord Genuity maintained the shares of GMS in a report on Monday, October 3 with “Buy” rating. JP Morgan maintained Gulf Marine Services PLC (LON:GMS) on Thursday, November 12 with “Overweight” rating. Canaccord Genuity maintained the shares of GMS in a report on Wednesday, August 31 with “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, September 1. JP Morgan maintained Gulf Marine Services PLC (LON:GMS) on Tuesday, March 22 with “Overweight” rating. The company was maintained on Wednesday, August 26 by JP Morgan. Canaccord Genuity maintained it with “Buy” rating and GBX 60 target price in Friday, November 4 report.

More news for Gulf Marine Services PLC (LON:GMS) were recently published by: Fool.Co.Uk, which released: “Could Inmarsat plc, Soco International plc and Gulf Marine Services plc climb …” on June 02, 2016. Fool.Co.Uk‘s article titled: “Should You Buy Gulf Marine Services PLC, IQE plc And e-Therapeutics plc After …” and published on March 22, 2016 is yet another important article.

Gulf Marine Services PLC is a United Kingdom operator of self-propelled and self-elevating support vessels . The company has a market cap of 147.69 million GBP. The Firm and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. It has a 2.69 P/E ratio. The Firm constructs and maintains its vessels in Abu Dhabi.

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