Macquarie restated their outperform rating on shares of Gemfields PLC (LON:GEM) in a research report report published on Monday. Macquarie currently has a GBX 90 ($1.10) price target on the stock.

A number of other brokerages also recently commented on GEM. Panmure Gordon reiterated a buy rating and issued a GBX 61 ($0.74) target price on shares of Gemfields PLC in a report on Monday, September 26th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Gemfields PLC in a report on Tuesday, June 21st. Investec reiterated a buy rating and issued a GBX 80 ($0.98) target price on shares of Gemfields PLC in a report on Wednesday, August 31st. FinnCap restated a corporate rating and set a GBX 85 ($1.04) price objective on shares of Gemfields PLC in a report on Monday, September 26th. Finally, SP Angel restated a buy rating and set a GBX 82 ($1.00) price objective on shares of Gemfields PLC in a report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Gemfields PLC has an average rating of Buy and an average target price of GBX 76.43 ($0.93).

Shares of Gemfields PLC (LON:GEM) opened at 48.75 on Monday. The firm’s 50-day moving average is GBX 45.48 and its 200-day moving average is GBX 41.05. Gemfields PLC has a 1-year low of GBX 31.00 and a 1-year high of GBX 54.75. The company’s market cap is GBX 265.32 million.

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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