Gemfields PLC (LON:GEM)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued on Monday.
A number of other equities research analysts have also weighed in on the company. Peel Hunt decreased their target price on Gemfields PLC from GBX 78 ($1.02) to GBX 70 ($0.91) and set a “buy” rating for the company in a research report on Monday, June 13th. SP Angel reaffirmed a “buy” rating and set a GBX 82 ($1.07) target price on shares of Gemfields PLC in a research report on Thursday, July 28th. Investec lifted their target price on Gemfields PLC from GBX 73 ($0.95) to GBX 88 ($1.15) and gave the company a “buy” rating in a research report on Tuesday, July 19th. Panmure Gordon lifted their target price 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. Finally, FinnCap reaffirmed a “corporate” rating and set a GBX 85 ($1.11) target price on shares of Gemfields PLC in a research report on Monday, August 1st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 75.63 ($0.99).
Shares of Gemfields PLC (LON:GEM) opened at 52.6875 on Monday. The company has a 50-day moving average price of GBX 42.54 and a 200 day moving average price of GBX 40.64. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 60.00. The stock’s market capitalization is GBX 286.74 million.
About Gemfields PLC
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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