Several other analysts have also commented on GEM. Peel Hunt cut their price objective on Gemfields PLC from GBX 78 ($1.02) to GBX 70 ($0.91) and set a buy rating for the company in a report on Monday, June 13th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Gemfields PLC in a report on Tuesday, June 21st. Investec lifted their price objective on Gemfields PLC from GBX 73 ($0.95) to GBX 88 ($1.15) and gave the stock a buy rating in a report on Tuesday, July 19th. SP Angel reiterated a buy rating and set a GBX 82 ($1.07) target price on shares of Gemfields PLC in a research report on Thursday, July 28th. Finally, Panmure Gordon lifted their target price on Gemfields PLC from GBX 57 ($0.74) to GBX 61 ($0.80) and gave the company a buy rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 75.63 ($0.99).
Shares of Gemfields PLC (LON:GEM) opened at 53.00 on Monday. The stock’s 50 day moving average price is GBX 41.26 and its 200-day moving average price is GBX 40.47. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 60.00. The firm’s market capitalization is GBX 288.33 million.
Gemfields PLC Company Profile
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.
Receive News & Ratings for Gemfields PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gemfields PLC and related companies with MarketBeat.com's FREE daily email newsletter.