Gemfields PLC (GEM) PT Raised to GBX 44 at JPMorgan Chase & Co.
Gemfields PLC (LON:GEM) had its price target hoisted by research analysts at JPMorgan Chase & Co. from GBX 43 ($0.56) to GBX 44 ($0.57) in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 16.39% from the company’s previous close.
A number of other brokerages also recently weighed in on GEM. Panmure Gordon reiterated a “buy” rating and issued a GBX 61 ($0.80) target price on shares of Gemfields PLC in a report on Monday. Macquarie restated an “outperform” rating and set a GBX 100 ($1.31) price objective on shares of Gemfields PLC in a report on Monday, August 22nd. Investec restated a “buy” rating and set a GBX 80 ($1.04) price objective on shares of Gemfields PLC in a report on Wednesday, August 31st. FinnCap restated a “corporate” rating and set a GBX 85 ($1.11) price objective on shares of Gemfields PLC in a report on Monday. Finally, Peel Hunt decreased 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Gemfields PLC has an average rating of “Buy” and an average price target of GBX 75.63 ($0.99).
Shares of Gemfields PLC (LON:GEM) opened at 52.625 on Tuesday. The firm’s market capitalization is GBX 286.29 million. Gemfields PLC has a 1-year low of GBX 31.00 and a 1-year high of GBX 60.00. The firm has a 50-day moving average of GBX 40.82 and a 200-day moving average of GBX 40.39.
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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