Gemfields PLC (LON:GEM) Given Average Rating of “Buy” by Analysts
Shares of Gemfields PLC (LON:GEM) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 78.60 ($1.02).
A number of equities analysts have commented on GEM shares. FinnCap reiterated a “corporate” rating and issued a GBX 95 ($1.24) price objective on shares of Gemfields PLC in a report on Wednesday, April 19th. Peel Hunt cut their price objective 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 report on Tuesday, April 25th. Finally, Shore Capital reiterated a “not rated” rating on shares of Gemfields PLC in a report on Tuesday, June 27th.
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In other news, insider Graham Mascall sold 1,300,000 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of GBX 32 ($0.42), for a total value of £416,000 ($541,737.21). Also, insider Ian T. Harebottle sold 2,902,763 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of GBX 31 ($0.40), for a total transaction of £899,856.53 ($1,171,840.77).
Gemfields PLC (LON:GEM) opened at 32.00 on Friday. Gemfields PLC has a 12-month low of GBX 26.00 and a 12-month high of GBX 57.50. The company has a 50-day moving average price of GBX 33.76 and a 200 day moving average price of GBX 41.18.
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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