Gemfields PLC (LON:GEM)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a research note issued on Tuesday. They presently have a GBX 90 ($1.17) target price on the stock. Macquarie’s price objective indicates a potential upside of 98.90% from the stock’s previous close.
Several other analysts have also recently commented on GEM. JPMorgan Chase & Co. increased their target price on Gemfields PLC from GBX 43 ($0.56) to GBX 44 ($0.57) and gave the stock a “neutral” rating in a report on Tuesday. Panmure Gordon reaffirmed a “buy” rating and set a GBX 61 ($0.80) price target on shares of Gemfields PLC in a research note on Monday. FinnCap reaffirmed a “corporate” rating and set a GBX 85 ($1.11) price target on shares of Gemfields PLC in a research note on Monday. Investec reaffirmed 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. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 78 ($1.02) price target on shares of Gemfields PLC in a research note 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 75.63 ($0.99).
Gemfields PLC (LON:GEM) opened at 46.448 on Tuesday. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 60.00. The stock’s market cap is GBX 252.69 million. The company has a 50-day moving average price of GBX 40.17 and a 200-day moving average price of GBX 40.29.
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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