Gemfields PLC’s (GEM) “Buy” Rating Reaffirmed at Peel Hunt
Gemfields PLC (LON:GEM)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued on Monday.
Other analysts have also recently issued reports about the stock. Investec reissued a “buy” rating and set a GBX 80 ($1.04) price target on shares of Gemfields PLC in a research note on Wednesday, August 31st. SP Angel reissued a “buy” rating and set a GBX 82 ($1.07) price target on shares of Gemfields PLC in a research note on Thursday, July 28th. Panmure Gordon increased their price target on shares of Gemfields PLC from GBX 57 ($0.74) to GBX 61 ($0.80) and gave the company a “buy” rating in a research note on Tuesday, August 9th. FinnCap reissued a “corporate” rating and set a GBX 85 ($1.11) price target on shares of Gemfields PLC in a research note on Monday, August 1st. Finally, JPMorgan Chase & Co. cut shares of Gemfields PLC to a “neutral” rating and decreased their price target for the company from GBX 70 ($0.91) to GBX 40 ($0.52) in a research note on Monday, July 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 76.43 ($1.00).
Gemfields PLC (LON:GEM) opened at 51.22 on Monday. The firm’s 50-day moving average is GBX 43.70 and its 200 day moving average is GBX 40.86. Gemfields PLC has a 52-week low of GBX 31.00 and a 52-week high of GBX 54.75. The stock’s market capitalization is GBX 278.76 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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