Macquarie reaffirmed their outperform rating on shares of Gemfields PLC (LON:GEM) in a research note issued to investors on Monday morning. The brokerage currently has a GBX 90 ($1.10) price objective on the stock.
GEM has been the topic of several other research reports. Investec reissued a buy rating and set a GBX 80 ($0.98) target price on shares of Gemfields PLC in a research report on Wednesday, August 31st. JPMorgan Chase & Co. raised their target price on Gemfields PLC from GBX 40 ($0.49) to GBX 43 ($0.52) and gave the stock a neutral rating in a research report on Thursday, September 15th. Panmure Gordon reissued a buy rating and set a GBX 61 ($0.74) target price on shares of Gemfields PLC in a research report on Monday, September 26th. FinnCap raised their target price on Gemfields PLC from GBX 85 ($1.04) to GBX 100 ($1.22) and gave the stock a corporate rating in a research report on Sunday, October 2nd. Finally, Peel Hunt reissued a buy rating and set a GBX 70 ($0.85) target price on shares of Gemfields PLC in a research report on Monday, June 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 76.43 ($0.93).
Gemfields PLC (LON:GEM) opened at 48.75 on Monday. The firm’s market capitalization is GBX 265.32 million. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 54.75. The stock’s 50 day moving average price is GBX 45.48 and its 200 day moving average price is GBX 41.05.
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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