Shore Capital reaffirmed their not rated rating on shares of Gemfields PLC (LON:GEM) in a report issued on Wednesday morning.

Several other brokerages have also recently issued reports on GEM. JPMorgan Chase & Co. decreased their price objective on Gemfields PLC from GBX 53 ($0.68) to GBX 48 ($0.62) and set a neutral rating for the company in a report on Thursday, March 16th. Panmure Gordon reissued an under review rating on shares of Gemfields PLC in a report on Monday, February 20th. FinnCap reissued a corporate rating and issued a GBX 95 ($1.22) price objective on shares of Gemfields PLC in a report on Wednesday, April 19th. Peel Hunt decreased their price objective on Gemfields PLC from GBX 93 ($1.19) to GBX 83 ($1.07) and set a buy rating for the company in a report on Tuesday, April 25th. Finally, Macquarie boosted their price objective on Gemfields PLC from GBX 80 ($1.03) to GBX 90 ($1.16) and gave the company an outperform rating in a report on Monday, April 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 77.75 ($1.00).

Shares of Gemfields PLC (LON GEM) opened at 35.1101 on Wednesday. Gemfields PLC has a 12 month low of GBX 31.00 and a 12 month high of GBX 57.50. The firm has a 50-day moving average price of GBX 39.44 and a 200-day moving average price of GBX 45.92. The stock’s market cap is GBX 191.68 million.

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About Gemfields PLC

Gemfields plc is a supplier of colored gemstones. The Company operates through five segments: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; UK, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions.

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