Equities research analysts at Canaccord Genuity hoisted their target price on shares of Gemfields PLC (LON:GEM) from GBX 39 ($0.63) to GBX 40 ($0.65) in a research note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 14.29% from the stock’s previous close.
A number of other firms have also recently commented on GEM. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Gemfields PLC in a research note to investors on Tuesday, November 19th. They now have a GBX 28 ($0.45) price target on the stock. Separately, analysts at Investec raised their price target on shares of Gemfields PLC from GBX 30 ($0.49) to GBX 37.50 ($0.61) in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock.
Shares of Gemfields PLC (LON:GEM) opened at 34.25 on Friday. Gemfields PLC has a 52 week low of GBX 19.00 and a 52 week high of GBX 38.50. The stock has a 50-day moving average of GBX 32.01 and a 200-day moving average of GBX 25.86.
Gemfields PLC is engaged in the business of exploring, mining, processing and selling colored gemstones.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.