Sanlam Securities Reiterates Buy Rating for Gemfields PLC (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “buy” rating reiterated by analysts at Sanlam Securities in a research report issued to clients and investors on Wednesday. They currently have a GBX 46 ($0.78) price objective on the stock. Sanlam Securities’ price target would suggest a potential downside of 11.54% from the company’s current price.
A number of other firms have also recently commented on GEM. Analysts at FinnCap reiterated a “buy” rating on shares of Gemfields PLC in a research note on Wednesday. Separately, analysts at Investec raised their price target on shares of Gemfields PLC from GBX 40 ($0.68) to GBX 42.50 ($0.72) in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Gemfields PLC in a research note on Tuesday, May 6th. They now have a GBX 40 ($0.68) price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 85.25 ($1.45).
Gemfields PLC (LON:GEM) traded down 4.31% on Wednesday, hitting GBX 50.00. 1,264,767 shares of the company’s stock traded hands. Gemfields PLC has a one year low of GBX 19.00 and a one year high of GBX 53.00. The stock has a 50-day moving average of GBX 42.40 and a 200-day moving average of GBX 37.53.
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.
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