Gemfields PLC (GEM) PT Lowered to GBX 48 at JPMorgan Chase & Co.

Gemfields PLC (LON:GEM) had its price objective trimmed by JPMorgan Chase & Co. from GBX 53 ($0.65) to GBX 48 ($0.59) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.

GEM has been the topic of several other reports. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 85 ($1.05) price objective on shares of Gemfields PLC in a research note on Tuesday, December 20th. Macquarie reissued an outperform rating and set a GBX 110 ($1.36) price target on shares of Gemfields PLC in a research note on Monday, February 6th. Peel Hunt reissued a buy rating and set a GBX 78 ($0.96) price target on shares of Gemfields PLC in a research note on Monday, December 19th. FinnCap cut their price target on Gemfields PLC from GBX 100 ($1.24) to GBX 95 ($1.17) and set a corporate rating on the stock in a research note on Monday, February 20th. Finally, Panmure Gordon lifted their price target on Gemfields PLC from GBX 61 ($0.75) to GBX 64 ($0.79) and gave the company a buy rating in a research note on Thursday, November 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Gemfields PLC presently has a consensus rating of Buy and an average target price of GBX 77.75 ($0.96).

Analyst Recommendations for Gemfields PLC (LON:GEM)

Gemfields PLC (LON:GEM) opened at 45.25 on Thursday. Gemfields PLC has a 12 month low of GBX 31.00 and a 12 month high of GBX 57.50. The firm’s market capitalization is GBX 247.04 million. The stock’s 50 day moving average price is GBX 46.12 and its 200-day moving average price is GBX 48.19.

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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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