Gemfields PLC Rating Reiterated by FinnCap (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “buy” rating reiterated by equities researchers at FinnCap in a research report issued on Thursday. They currently have a GBX 60 ($1.01) target price on the stock. FinnCap’s target price indicates a potential upside of 27.66% from the stock’s previous close.
Gemfields PLC (LON:GEM) traded down 5.08% during mid-day trading on Thursday, hitting GBX 46.75. The stock had a trading volume of 912,403 shares. Gemfields PLC has a 1-year low of GBX 23.50 and a 1-year high of GBX 54.90. The stock has a 50-day moving average of GBX 49.12 and a 200-day moving average of GBX 41.40.
GEM has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Gemfields PLC from GBX 37 ($0.62) to GBX 47 ($0.79) in a research note on Wednesday, June 18th. They now have a “neutral” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Gemfields PLC in a research note on Wednesday, June 18th. They now have a GBX 57.30 ($0.96) price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Gemfields PLC to a “speculative buy” rating in a research note on Wednesday, June 18th. They now have a GBX 62 ($1.04) price target on the stock, up previously from GBX 40 ($0.67). Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 82.12 ($1.38).
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.
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