Gemfields PLC’s (GEM) “Outperform” Rating Reiterated at Macquarie
Gemfields PLC (LON:GEM)‘s stock had its “outperform” rating reissued by equities research analysts at Macquarie in a research report issued to clients and investors on Monday. They currently have a GBX 90 ($1.11) target price on the stock. Macquarie’s price objective would indicate a potential upside of 80.00% from the company’s previous close.
GEM has been the subject of several other reports. Panmure Gordon restated a “buy” rating and set a GBX 61 ($0.75) price target on shares of Gemfields PLC in a report on Monday, September 26th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Gemfields PLC in a report on Tuesday, June 21st. Investec restated a “buy” rating and set a GBX 80 ($0.99) price target on shares of Gemfields PLC in a report on Wednesday, August 31st. FinnCap restated a “corporate” rating and set a GBX 85 ($1.05) price target on shares of Gemfields PLC in a report on Monday, September 26th. Finally, SP Angel restated a “buy” rating and set a GBX 82 ($1.01) price target on shares of Gemfields PLC in a report on Thursday, July 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 76.43 ($0.95).
Shares of Gemfields PLC (LON:GEM) opened at 50.00 on Monday. The company has a 50-day moving average price of GBX 45.08 and a 200-day moving average price of GBX 41.06. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 54.75. The company’s market capitalization is GBX 272.12 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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