Gemfields PLC (LON:GEM) had its price target lifted by JPMorgan Chase & Co. from GBX 43 ($0.56) to GBX 44 ($0.57) in a report released on Tuesday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities analysts also recently commented on the company. Panmure Gordon reiterated a buy rating and set a GBX 61 ($0.80) price objective on shares of Gemfields PLC in a research report on Monday, September 26th. FinnCap reiterated a corporate rating and set a GBX 85 ($1.11) price objective on shares of Gemfields PLC in a research report on Monday, September 26th. Macquarie reiterated an outperform rating and set a GBX 100 ($1.31) price objective on shares of Gemfields PLC in a research report on Tuesday, September 20th. Investec reiterated a buy rating and set a GBX 80 ($1.04) price objective on shares of Gemfields PLC in a research report on Wednesday, August 31st. Finally, Peel Hunt reiterated 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 75.63 ($0.99).
Shares of Gemfields PLC (LON:GEM) opened at 52.685 on Tuesday. Gemfields PLC has a 12 month low of GBX 31.00 and a 12 month high of GBX 60.00. The company’s market cap is GBX 286.73 million. The company’s 50-day moving average price is GBX 41.61 and its 200-day moving average price is GBX 40.57.
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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