Gemfields PLC (GEM) Earns “not rated” Rating from Shore Capital

Shore Capital reiterated their not rated rating on shares of Gemfields PLC (LON:GEM) in a report published on Wednesday, May 31st.

A number of other equities research analysts also recently issued reports on the stock. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 53 ($0.67) price target on shares of Gemfields PLC in a research report on Tuesday, February 21st. Macquarie reaffirmed an outperform rating and issued a GBX 80 ($1.01) target price (down from GBX 110 ($1.39)) on shares of Gemfields PLC in a research note on Tuesday, February 21st. Peel Hunt lowered their target price on shares of Gemfields PLC from GBX 93 ($1.18) to GBX 83 ($1.05) and set a buy rating for the company in a research note on Tuesday, April 25th. Panmure Gordon reissued an under review rating on shares of Gemfields PLC in a research note on Monday, February 20th. Finally, Numis Securities Ltd reaffirmed a buy rating and set a GBX 80 ($1.01) price target on shares of Gemfields PLC in a research report on Tuesday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Gemfields PLC presently has an average rating of Buy and an average target price of GBX 77.75 ($0.98).

Shares of Gemfields PLC (LON GEM) traded up 0.309% during trading on Wednesday, hitting GBX 40.625. The stock had a trading volume of 6,713,923 shares. Gemfields PLC has a 12-month low of GBX 31.00 and a 12-month high of GBX 57.50. The stock’s 50-day moving average is GBX 37.96 and its 200-day moving average is GBX 45.06. The stock’s market cap is GBX 221.79 million.

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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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