Gemfields PLC (LON:GEM) has been assigned a consensus rating of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 79.17 ($1.03).

A number of research analysts recently issued reports on the company. Panmure Gordon reaffirmed an “under review” rating on shares of Gemfields PLC in a report on Monday, April 3rd. FinnCap reaffirmed a “corporate” rating and issued a GBX 95 ($1.23) price target on shares of Gemfields PLC in a report on Friday, May 12th. Shore Capital reaffirmed a “not rated” rating on shares of Gemfields PLC in a report on Tuesday, June 27th. Macquarie lifted their price target on Gemfields PLC from GBX 80 ($1.04) to GBX 90 ($1.17) and gave the company an “outperform” rating in a report on Monday, April 3rd. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Gemfields PLC in a report on Friday, May 19th.

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Gemfields PLC (LON GEM) opened at 28.50 on Monday. The firm’s market cap is GBX 155.59 million. The firm’s 50-day moving average is GBX 36.72 and its 200 day moving average is GBX 44.19. Gemfields PLC has a 1-year low of GBX 26.00 and a 1-year high of GBX 57.50.

In other Gemfields PLC news, insider Ian T. Harebottle sold 2,902,763 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of GBX 31 ($0.40), for a total transaction of £899,856.53 ($1,165,617.27). Also, insider Graham Mascall sold 1,300,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of GBX 32 ($0.41), for a total value of £416,000 ($538,860.10).

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.

Analyst Recommendations for Gemfields PLC (LON:GEM)

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