The Macquarie Reaffirmed Outperform Rating for Gemfields PLC (GEM)

The Macquarie Reaffirmed Outperform Rating for Gemfields PLC (GEM)

Gemfields PLC (LON:GEM)‘s stock had its “outperform” rating reiterated by Macquarie in a research report issued to clients and investors on Wednesday. They presently have a GBX 90 ($1.12) target price on the stock. Macquarie’s price objective suggests a potential upside of 84.62% from the stock’s current price.

GEM has been the subject of a number of other reports. Peel Hunt reiterated a “buy” rating and set a GBX 78 ($0.97) price target on shares of Gemfields PLC in a report on Monday, August 1st. FinnCap lifted their price target on shares of Gemfields PLC from GBX 85 ($1.06) to GBX 100 ($1.25) and gave the stock a “corporate” rating in a report on Sunday, October 2nd. Investec lifted their price target on shares of Gemfields PLC from GBX 73 ($0.91) to GBX 88 ($1.10) and gave the stock a “buy” rating in a report on Tuesday, July 19th. SP Angel reiterated a “buy” rating and set a GBX 82 ($1.02) price target on shares of Gemfields PLC in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Gemfields PLC from GBX 43 ($0.54) to GBX 44 ($0.55) and gave the stock a “neutral” rating in a report on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 77.43 ($0.97).

Gemfields PLC (LON:GEM) traded down 0.51020% during midday trading on Wednesday, reaching GBX 49.86809. 57,183 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 271.40 million. The stock’s 50 day moving average is GBX 49.01 and its 200 day moving average is GBX 42.23. Gemfields PLC has a 52 week low of GBX 31.00 and a 52 week high of GBX 54.75.

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