Gemfields PLC (LON:GEM) had its price target decreased by JPMorgan Chase & Co. from GBX 53 ($0.65) to GBX 48 ($0.59) in a report released on Thursday. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other research analysts also recently issued reports about the stock. Peel Hunt restated a buy rating and issued a GBX 78 ($0.96) target price on shares of Gemfields PLC in a research note on Monday, December 19th. Numis Securities Ltd restated a buy rating and issued a GBX 85 ($1.05) target price on shares of Gemfields PLC in a research note on Friday, December 2nd. Panmure Gordon upped their target price on shares of Gemfields PLC from GBX 61 ($0.75) to GBX 64 ($0.79) and gave the company a buy rating in a research note on Thursday, November 17th. FinnCap decreased their target price on shares of Gemfields PLC from GBX 100 ($1.24) to GBX 95 ($1.17) and set a corporate rating for the company in a research note on Monday, February 20th. Finally, Macquarie restated an outperform rating and issued a GBX 110 ($1.36) target price on shares of Gemfields PLC in a research note on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Gemfields PLC has an average rating of Buy and an average target price of GBX 77.75 ($0.96).
Gemfields PLC (LON:GEM) opened at 45.25 on Thursday. The stock’s 50 day moving average price is GBX 46.12 and its 200-day moving average price is GBX 48.19. Gemfields PLC has a 12 month low of GBX 31.00 and a 12 month high of GBX 57.50. The company’s market capitalization is GBX 247.04 million.
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About Gemfields PLC
Gemfields plc is a supplier of colored gemstones. The Company operates through five segments: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; UK, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions.
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