Gemfields PLC (GEM) Earns Neutral Rating from JPMorgan Chase & Co.
Gemfields PLC (LON:GEM)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Monday.
A number of other brokerages have also weighed in on GEM. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 61 ($0.80) price target on shares of Gemfields PLC in a research note on Monday, September 26th. Macquarie reaffirmed an “outperform” rating and issued a GBX 100 ($1.31) price target on shares of Gemfields PLC in a research note on Monday, August 22nd. Investec reaffirmed a “buy” rating and issued a GBX 80 ($1.04) price target on shares of Gemfields PLC in a research note on Wednesday, August 31st. FinnCap reaffirmed a “corporate” rating and issued a GBX 85 ($1.11) price target on shares of Gemfields PLC in a research note on Monday, September 26th. Finally, Peel Hunt cut their price objective on shares of Gemfields PLC from GBX 78 ($1.02) to GBX 70 ($0.91) and set a “buy” rating on the stock in a research report on Monday, June 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock 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 51.494186 on Monday. The firm has a 50-day moving average of GBX 41.61 and a 200 day moving average of GBX 40.57. 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 280.25 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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