Gemfields PLC (LON:GEM) Receives Consensus Rating of “Buy” from Brokerages
Gemfields PLC (LON:GEM) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the company. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 76.75 ($1.00).
A number of equities research analysts have recently issued reports on GEM shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 70 ($0.91) target price on shares of Gemfields PLC in a research report on Monday, July 4th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 57 ($0.74) target price on shares of Gemfields PLC in a research report on Monday, May 23rd. Investec boosted their target price on Gemfields PLC from GBX 73 ($0.95) to GBX 88 ($1.15) and gave the stock a “buy” rating in a research report on Tuesday, July 19th. SP Angel reaffirmed a “buy” rating and set a GBX 82 ($1.07) target price on shares of Gemfields PLC in a research report on Thursday, July 28th. Finally, FinnCap reiterated a “corporate” rating and set a GBX 85 ($1.11) price target on shares of Gemfields PLC in a report on Wednesday, June 15th.
Shares of Gemfields PLC (LON:GEM) traded up 0.28% during midday trading on Tuesday, hitting GBX 44.00. The company had a trading volume of 169,735 shares. Gemfields PLC has a one year low of GBX 31.00 and a one year high of GBX 62.00. The company’s 50 day moving average is GBX 39.41 and its 200 day moving average is GBX 40.29. The firm’s market cap is GBX 239.37 million.
About Gemfields PLC
Gemfields plc is a supplier of colored gemstones. The Company’s segments include Zambia, which include emerald and beryl mining activities; Mozambique, which include ruby and corundum mining activities; UK, which include sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which include the wholesale and retail sales of jewelry, and Other, which include new projects, traded auctions, sales and marketing offices.
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