Several other equities analysts also recently weighed in on the stock. Peel Hunt lowered their price target on shares of Gemfields PLC from GBX 93 ($1.18) to GBX 83 ($1.05) and set a buy rating on the stock in a report on Tuesday, April 25th. J P Morgan Chase & Co lowered their price target on shares of Gemfields PLC from GBX 53 ($0.67) to GBX 48 ($0.61) and set a neutral rating on the stock in a report on Thursday, March 16th. Macquarie lifted their price target on shares of Gemfields PLC from GBX 80 ($1.01) to GBX 90 ($1.14) and gave the company an outperform rating in a report on Monday, April 3rd. Panmure Gordon reaffirmed an under review rating on shares of Gemfields PLC in a report on Monday, April 3rd. Finally, Numis Securities Ltd reaffirmed a buy rating and set a GBX 80 ($1.01) price target on shares of Gemfields PLC in a report on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 77.75 ($0.98).
Shares of Gemfields PLC (GEM) opened at 40.625 on Friday. The company’s 50 day moving average is GBX 37.96 and its 200-day moving average is GBX 45.06. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 57.50. The stock’s market capitalization is GBX 221.79 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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