Panmure Gordon Boosts Gemfields PLC (GEM) Price Target to GBX 64
Gemfields PLC (LON:GEM) had its price target lifted by equities research analysts at Panmure Gordon from GBX 61 ($0.76) to GBX 64 ($0.80) in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Panmure Gordon’s target price suggests a potential upside of 30.61% from the stock’s current price.
A number of other equities research analysts also recently issued reports on GEM. SP Angel reaffirmed a “buy” rating and set a GBX 82 ($1.02) price target on shares of Gemfields PLC in a research note on Thursday, July 28th. FinnCap reaffirmed a “corporate” rating and set a GBX 85 ($1.06) price target on shares of Gemfields PLC in a research note on Monday, August 1st. Peel Hunt reaffirmed a “buy” rating and set a GBX 78 ($0.97) price target on shares of Gemfields PLC in a research note on Monday, August 1st. Macquarie reaffirmed an “outperform” rating and set a GBX 100 ($1.25) price target on shares of Gemfields PLC in a research note on Monday, August 22nd. Finally, Investec reaffirmed a “buy” rating and set a GBX 80 ($1.00) price target on shares of Gemfields PLC in a research note on Wednesday, August 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 77.43 ($0.97).
Shares of Gemfields PLC (LON:GEM) opened at 49.50 on Thursday. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 54.75. The company’s market cap is GBX 269.40 million. The stock’s 50 day moving average is GBX 49.71 and its 200-day moving average is GBX 41.93.
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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