Gemfields PLC Given “Speculative Buy” Rating at Canaccord Genuity (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a GBX 62 ($1.04) price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 31.91% from the company’s current price.
Gemfields PLC (LON:GEM) traded down 5.08% during mid-day trading on Friday, hitting GBX 46.75. 912,403 shares of the company’s stock traded hands. Gemfields PLC has a 1-year low of GBX 23.50 and a 1-year high of GBX 54.90. The stock’s 50-day moving average is GBX 49.12 and its 200-day moving average is GBX 41.40.
GEM has been the subject of a number of other recent research reports. Analysts at Investec cut their price target on shares of Gemfields PLC from GBX 57.30 ($0.96) to GBX 55.60 ($0.94) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Sanlam Securities reiterated a “buy” rating on shares of Gemfields PLC in a research note on Thursday. Finally, analysts at FinnCap reiterated a “buy” rating on shares of Gemfields PLC in a research note on Thursday. They now have a GBX 60 ($1.01) price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Gemfields PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 82.12 ($1.38).
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.