Todays Report: Today, Gemfields PLC (GEM) Price Target Increased to GBX 48 by Analysts at JPMorgan Chase & Co.

Today, Gemfields PLC (GEM) Price Target Increased to GBX 48 by Analysts at JPMorgan Chase & Co.

Gemfields PLC (LON:GEM) had its price target boosted by stock analysts at JPMorgan Chase & Co. from GBX 44 ($0.55) to GBX 48 ($0.60) in a report issued on Monday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 1.54% from the stock’s previous close.

Several other research firms have also recently weighed in on GEM. Macquarie reissued an “outperform” rating and issued a GBX 90 ($1.12) price objective on shares of Gemfields PLC in a research report on Wednesday, November 2nd. Panmure Gordon reissued a “buy” rating and issued a GBX 61 ($0.76) price objective on shares of Gemfields PLC in a research report on Tuesday, November 1st. FinnCap reissued a “corporate” rating and issued a GBX 100 ($1.25) price objective on shares of Gemfields PLC in a research report on Tuesday, November 1st. Peel Hunt reissued a “buy” rating and issued a GBX 78 ($0.97) price objective on shares of Gemfields PLC in a research report on Monday, October 10th. Finally, Investec reissued a “buy” rating and issued a GBX 80 ($1.00) price objective on shares of Gemfields PLC in a research report on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 77.43 ($0.97).

Gemfields PLC (LON:GEM) traded down 0.51% during trading on Monday, hitting GBX 48.75. 57,183 shares of the stock traded hands. The stock’s market cap is GBX 265.32 million. The company has a 50-day moving average price of GBX 49.01 and a 200 day moving average price of GBX 42.23. Gemfields PLC has a one year low of GBX 31.00 and a one year high of GBX 54.75.

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