Gemfields PLC (GEM) Given Average Recommendation of “Buy” by Brokerages
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.
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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