Gemfields PLC (GEM) Given “Outperform” Rating at Macquarie
Macquarie restated their outperform rating on shares of Gemfields PLC (LON:GEM) in a research report sent to investors on Tuesday morning. The brokerage currently has a GBX 100 ($1.31) target price on the stock.
A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. increased their price target on Gemfields PLC from GBX 40 ($0.52) to GBX 43 ($0.56) and gave the company a neutral rating in a research report on Thursday, September 15th. Investec reiterated a buy rating and issued a GBX 80 ($1.04) price target on shares of Gemfields PLC in a research report on Wednesday, August 31st. Panmure Gordon increased their price target on Gemfields PLC from GBX 57 ($0.74) to GBX 61 ($0.80) and gave the company a buy rating in a research report on Tuesday, August 9th. Peel Hunt restated 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. Finally, FinnCap restated a corporate rating and set a GBX 85 ($1.11) price objective on shares of Gemfields PLC in a research report on Monday, August 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 76.75 ($1.00).
Shares of Gemfields PLC (LON:GEM) opened at 44.375 on Tuesday. Gemfields PLC has a 52-week low of GBX 31.00 and a 52-week high of GBX 61.97. The firm’s market cap is GBX 241.41 million. The company’s 50-day moving average is GBX 39.53 and its 200-day moving average is GBX 40.28.
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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