Macquarie Reiterates “Outperform” Rating for Gemfields PLC (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “outperform” rating reiterated by Macquarie in a research report issued on Tuesday. They currently have a GBX 90 ($1.17) target price on the stock. Macquarie’s target price points to a potential upside of 71.02% from the stock’s current price.
A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. cut Gemfields PLC to a “neutral” rating and reduced their price objective for the company from GBX 70 ($0.91) to GBX 40 ($0.52) in a research report on Monday, July 4th. Peel Hunt reiterated a “buy” rating and set a GBX 78 ($1.02) price objective on shares of Gemfields PLC in a research report on Monday, August 1st. FinnCap reiterated a “corporate” rating and set a GBX 85 ($1.11) price objective on shares of Gemfields PLC in a research report on Wednesday, June 15th. Investec upped their price objective on Gemfields PLC from GBX 73 ($0.95) to GBX 88 ($1.15) and gave the company a “buy” rating in a research report on Tuesday, July 19th. Finally, SP Angel reiterated a “buy” rating and set a GBX 82 ($1.07) price objective on shares of Gemfields PLC in a research report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Gemfields PLC presently has an average rating of “Buy” and a consensus price target of GBX 75.63 ($0.99).
Shares of Gemfields PLC (LON:GEM) opened at 52.625 on Tuesday. The stock’s market cap is GBX 286.40 billion. The firm has a 50 day moving average price of GBX 40.82 and a 200 day moving average price of GBX 40.39. Gemfields PLC has a 12-month low of GBX 31.00 and a 12-month high of GBX 60.00.
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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