Separately, Numis Securities dropped their target price on Gulf Marine Services from GBX 95 ($1.24) to GBX 70 ($0.91) and set a buy rating for the company in a report on Wednesday, September 5th.
Shares of LON:GMS opened at GBX 44.30 ($0.58) on Wednesday. Gulf Marine Services has a 52-week low of GBX 37 ($0.48) and a 52-week high of GBX 75.25 ($0.98).
Gulf Marine Services PLC, together with its subsidiaries, charters and operates self-propelled, self-elevating support vessels (SESVs) worldwide. The company operates through Small Class Vessels, Mid-Size Class Vessels, Large Class Vessels, and Other Vessels segments. Its jackups provides as a platform for the delivery of a range of services in the offshore oil, gas, and renewable energy projects.
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