Gemfields PLC (LON:GEM) had its price objective increased by equities research analysts at FinnCap from GBX 85 ($1.11) to GBX 100 ($1.31) in a research note issued on Sunday. The brokerage currently has a “corporate” rating on the stock. FinnCap’s target price points to a potential upside of 87.79% from the stock’s previous close.
A number of other brokerages also recently issued reports on GEM. Panmure Gordon reiterated a “buy” rating and issued a GBX 61 ($0.80) price objective on shares of Gemfields PLC in a research report on Monday, September 26th. Macquarie reiterated an “outperform” rating and issued a GBX 100 ($1.31) price objective on shares of Gemfields PLC in a research report on Monday, August 22nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Gemfields PLC in a research report on Tuesday, June 21st. Investec restated a “buy” rating and set a GBX 80 ($1.04) price target on shares of Gemfields PLC in a research report on Wednesday, August 31st. Finally, Peel Hunt lowered their price target on Gemfields PLC from GBX 78 ($1.02) to GBX 70 ($0.91) and set a “buy” rating on the stock in a research report on Monday, June 13th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 75.63 ($0.99).
Gemfields PLC (LON:GEM) opened at 52.9701 on Friday. The stock has a 50 day moving average price of GBX 42.98 and a 200 day moving average price of GBX 40.71. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 57.75. The company’s market cap is GBX 288.28 million.
About Gemfields PLC
Gemfields plc is a supplier of colored gemstones. The Company’s segments include Zambia, which include emerald and beryl mining activities; Mozambique, which include ruby and corundum mining activities; UK, which include sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which include the wholesale and retail sales of jewelry, and Other, which include new projects, traded auctions, sales and marketing offices.
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