Gemfields PLC (LON:GEM)‘s stock had its “corporate” rating reissued by analysts at FinnCap in a research report issued on Monday. They presently have a GBX 85 ($1.11) target price on the stock. FinnCap’s price target indicates a potential upside of 69.58% from the company’s current price.
GEM has been the subject of a number of other research reports. Macquarie reissued an “outperform” rating and set a GBX 100 ($1.31) target price on shares of Gemfields PLC in a report on Monday, September 5th. Investec reissued a “buy” rating and set a GBX 80 ($1.04) target price on shares of Gemfields PLC in a report on Wednesday, August 31st. JPMorgan Chase & Co. lifted their target price on Gemfields PLC from GBX 40 ($0.52) to GBX 43 ($0.56) and gave the stock a “neutral” rating in a report on Thursday, September 15th. Peel Hunt reissued a “buy” rating and set a GBX 70 ($0.91) target price on shares of Gemfields PLC in a report on Monday, June 20th. Finally, SP Angel restated a “buy” rating and issued a GBX 82 ($1.07) price target on shares of Gemfields PLC in a research report on Thursday, July 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Gemfields PLC currently has an average rating of “Buy” and a consensus price target of GBX 75.63 ($0.99).
Gemfields PLC (LON:GEM) opened at 50.88001 on Monday. The firm’s market cap is GBX 276.80 million. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 60.00. The stock has a 50 day moving average of GBX 40.46 and a 200 day moving average of GBX 40.32.
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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