Shore Capital Reiterates “not rated” Rating for Gemfields PLC (GEM)
Gemfields PLC (LON:GEM)‘s stock had its “not rated” rating reiterated by research analysts at Shore Capital in a research note issued on Tuesday.
Several other research analysts have also recently issued reports on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Gemfields PLC in a report on Friday, May 19th. FinnCap reaffirmed a “corporate” rating and issued a GBX 95 ($1.21) target price on shares of Gemfields PLC in a report on Friday, May 12th. Panmure Gordon reiterated an “under review” rating on shares of Gemfields PLC in a research note on Monday, April 3rd. Macquarie lifted their price target on shares of Gemfields PLC from GBX 80 ($1.02) to GBX 90 ($1.14) and gave the stock an “outperform” rating in a research note on Monday, April 3rd. Finally, J P Morgan Chase & Co reduced their price target on shares of Gemfields PLC from GBX 53 ($0.67) to GBX 48 ($0.61) and set a “neutral” rating for the company in a research note on Thursday, March 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 77.75 ($0.99).
Gemfields PLC (LON:GEM) traded down 10.88% on Tuesday, hitting GBX 31.75. 2,666,250 shares of the stock were exchanged. Gemfields PLC has a 12 month low of GBX 29.00 and a 12 month high of GBX 57.50. The stock’s market cap is GBX 173.34 million. The company has a 50-day moving average of GBX 38.02 and a 200-day moving average of GBX 44.85.
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About Gemfields PLC
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.
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