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

Gemfields PLC (LON:GEM) has earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 80.43 ($0.98).

GEM has been the topic of several analyst reports. Macquarie reiterated an “outperform” rating and set a GBX 110 ($1.35) target price on shares of Gemfields PLC in a report on Monday, February 6th. Peel Hunt upped their target price on Gemfields PLC from GBX 78 ($0.95) to GBX 93 ($1.14) and gave the stock a “buy” rating in a report on Wednesday, January 11th. Panmure Gordon upped their target price on Gemfields PLC from GBX 61 ($0.75) to GBX 64 ($0.78) and gave the stock a “buy” rating in a report on Thursday, November 17th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 85 ($1.04) target price on shares of Gemfields PLC in a report on Friday, December 2nd. Finally, FinnCap dropped their target price on Gemfields PLC from GBX 100 ($1.22) to GBX 95 ($1.16) and set a “corporate” rating on the stock in a report on Monday, February 20th.

Shares of Gemfields PLC (LON:GEM) opened at 43.25 on Monday. The company has a 50-day moving average of GBX 47.15 and a 200 day moving average of GBX 47.85. The firm’s market cap is GBX 236.12 million. Gemfields PLC has a one year low of GBX 31.00 and a one year high of GBX 57.50.

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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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