Gemfields PLC’s (GEM) “Buy” Rating Reiterated at Peel Hunt
Gemfields PLC (LON:GEM)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a note issued to investors on Monday.
Several other research firms have also weighed in on GEM. Panmure Gordon reiterated a “buy” rating and issued a GBX 61 ($0.80) price objective on shares of Gemfields PLC in a research note on Monday, September 26th. Macquarie reiterated an “outperform” rating and issued a GBX 100 ($1.31) price objective on shares of Gemfields PLC in a research note on Monday, August 22nd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gemfields PLC in a research note on Tuesday, June 21st. Investec reiterated a “buy” rating and issued a GBX 80 ($1.04) price objective on shares of Gemfields PLC in a research note on Wednesday, August 31st. Finally, FinnCap reiterated a “corporate” rating and issued a GBX 85 ($1.11) price objective on shares of Gemfields PLC in a research note on Monday, September 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Gemfields PLC has a consensus rating of “Buy” and an average target price of GBX 76.43 ($1.00).
Shares of Gemfields PLC (LON:GEM) opened at 50.50 on Monday. The firm’s 50-day moving average price is GBX 43.70 and its 200-day moving average price is GBX 40.86. The firm’s market cap is GBX 274.84 million. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 54.75.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/gemfields-plcs-gem-buy-rating-reiterated-at-peel-hunt.html
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.
Receive News & Ratings for Gemfields PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gemfields PLC and related companies with MarketBeat.com's FREE daily email newsletter.