Gemfields PLC (LON:GEM) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 78.25 ($1.01).

A number of research firms recently commented on GEM. FinnCap reissued a “corporate” rating and issued a GBX 95 ($1.23) target price on shares of Gemfields PLC in a research note on Friday, May 12th. Shore Capital reissued a “not rated” rating on shares of Gemfields PLC in a research note on Friday, May 19th. Finally, Peel Hunt reissued a “buy” rating on shares of Gemfields PLC in a research note on Friday, May 19th.

In other Gemfields PLC 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 ($0.41), for a total transaction of £416,000 ($537,259.46). 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 ($1,162,154.89).

Shares of Gemfields PLC (LON:GEM) opened at 32.00 on Tuesday. Gemfields PLC has a 12-month low of GBX 26.00 and a 12-month high of GBX 57.50. The company’s 50 day moving average price is GBX 33.76 and its 200 day moving average price is GBX 41.18.

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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.

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