Gemfields PLC (GEM) Earns Buy Rating from Peel Hunt
A number of other equities research analysts also recently commented on GEM. FinnCap reissued a corporate rating and issued a GBX 85 ($1.05) price objective on shares of Gemfields PLC in a research report on Wednesday, June 15th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Gemfields PLC in a research report on Tuesday, June 21st. Investec increased their target price on shares of Gemfields PLC from GBX 73 ($0.90) to GBX 88 ($1.09) and gave the company a buy rating in a research report on Tuesday, July 19th. SP Angel reaffirmed a buy rating and issued a GBX 82 ($1.01) target price on shares of Gemfields PLC in a research report on Thursday, July 28th. Finally, Panmure Gordon increased their target price on shares of Gemfields PLC from GBX 57 ($0.71) to GBX 61 ($0.75) and gave the company a buy rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of GBX 76.43 ($0.95).
Shares of Gemfields PLC (LON:GEM) opened at 49.34 on Monday. The stock’s 50 day moving average is GBX 44.48 and its 200 day moving average is GBX 40.95. Gemfields PLC has a 1-year low of GBX 31.00 and a 1-year high of GBX 54.75. The firm’s market capitalization is GBX 268.53 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.
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