Upbeat broker recommendations for Gulf Marine Services
The Gulf Marine Services (LON:GMS) share price has risen by 3.42% over the past month and it’s currently trading at 10.95. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Gulf Marine Services currently has:
- 2 Buy recommendations
- 0 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Looking behind the broker forecasts
At its current price of 10.95, shares in Gulf Marine Services are trading at a discount of -48.5% to its 52 week high price. The 1-year performance of the shares has been 39.8%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Gulf Marine Services it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Gulf Marine Services that you can find out about here.
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