Gemfields PLC (GEM) Receives Average Rating of “Buy” from Brokerages
Shares of Gemfields PLC (LON:GEM) have been given an average rating of “Buy” by the nine research firms that are currently covering the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 79.17 ($1.03).
GEM has been the topic of a number of recent research reports. FinnCap reiterated a “corporate” rating and set a GBX 95 ($1.24) price target on shares of Gemfields PLC in a research report on Wednesday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Gemfields PLC from GBX 53 ($0.69) to GBX 48 ($0.62) and set a “neutral” rating on the stock in a research report on Thursday, March 16th. Macquarie increased their price target on shares of Gemfields PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the company an “outperform” rating in a research report on Monday, April 3rd. Peel Hunt reduced their price target on shares of Gemfields PLC from GBX 93 ($1.21) to GBX 83 ($1.08) and set a “buy” rating on the stock in a research report on Tuesday, April 25th. Finally, Panmure Gordon reiterated an “under review” rating on shares of Gemfields PLC in a research report on Monday, April 3rd.
Shares of Gemfields PLC (LON:GEM) opened at 33.8325 on Friday. The firm’s 50-day moving average is GBX 40.81 and its 200-day moving average is GBX 46.51. Gemfields PLC has a 12-month low of GBX 31.00 and a 12-month high of GBX 57.50. The company’s market capitalization is GBX 184.71 million.
COPYRIGHT VIOLATION WARNING: “Gemfields PLC (GEM) Receives Average Rating of “Buy” from Brokerages” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/05/26/gemfields-plc-gem-receives-average-rating-of-buy-from-brokerages.html.
Gemfields PLC Company Profile
Gemfields plc is a supplier of colored gemstones. The Company operates through five segments: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; UK, which includes sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which includes wholesale and retail sales of jewelry and watches, and Other, which includes new projects and traded auctions.
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.