Gemfields PLC’s Buy Rating Reaffirmed at Canaccord Genuity (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. They currently have a GBX 40 ($0.66) target price on the stock. Canaccord Genuity’s price target points to a potential upside of 11.88% from the company’s current price.
A number of other firms have also recently commented on GEM. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Gemfields PLC in a research note to investors on Tuesday, November 19th. They now have a GBX 28 ($0.46) price target on the stock. Analysts at Investec raised their price target on shares of Gemfields PLC from GBX 30 ($0.49) to GBX 37.50 ($0.62) in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock.
Shares of Gemfields PLC (LON:GEM) traded down 2.10% during mid-day trading on Monday, hitting GBX 35.00. 39,373 shares of the company’s stock traded hands. Gemfields PLC has a 52 week low of GBX 19.00 and a 52 week high of GBX 38.50. The stock has a 50-day moving average of GBX 34.2 and a 200-day moving average of GBX 29.48.
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.
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