Gemfields PLC (LON:GEM) Receives Average Rating of “Buy” from Analysts
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.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/17/gemfields-plc-longem-receives-average-rating-of-buy-from-analysts.html.
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.
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.