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Gemfields PLC (LON:GEM) target price held steady at 78.00GBX, reported today by Peel Hunt

Yesterday Gemfields PLC (LON:GEM) traded 0.62% higher at 50.38GBX. The company’s 50-day moving average is 43.70GBX and its 200-day moving average is 40.86GBX. The last stock close price is up 23.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 160,248 shares of the stock were exchanged, down from an average trading volume of 453,524

Gemfields PLC (LON:GEM) had its target price hold steady to 78.00GBX by Peel Hunt in a report released Monday October 10, 2016. The new target price indicates a possible upside of 0.55% based on the company's last stock close price.

Previously on 10/06/2016, finnCap reported about Gemfields PLC (LON:GEM) raised the target price from 85.00GBX to 100.00GBX. At the time, this indicated a possible upside of 0.86%.

See Chart Below

Gemfields PLC (LON:GEM)

Gemfields PLC has a 52 week low of 31.00GBX and a 52 week high of 54.75GBX with a P/E ratio of 25.28 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt reporting its target price, a total of 9 firms have issued a report on the stock. The consensus target price is 1.05GBX with three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Gemfields PLC (LON:GEM)

Gemfields plc is a supplier of colored gemstones. The Company's segments include Zambia, which include emerald and beryl mining activities; Mozambique, which include ruby and corundum mining activities; UK, which include sales of cut and polished gemstones, marketing, technical and administrative services; Faberge, which include the wholesale and retail sales of jewelry, and Other, which include new projects, traded auctions, sales and marketing offices. The Company's assets include Kagem emerald mine, which covers an area of approximately 41 square kilometers and is located in the central part of the Ndola rural emerald restricted area, Zambia; Montepuez ruby mine, which is located in the Cabo Delgado province and covers an area of approximately 33,600 hectares, and Kariba amethyst mine, which covers an area of approximately 396 hectares. Its subsidiary Oriental Mining SARL has around 15 exploration licenses in the Antananarivo, Fianarantsoa and Toliara provinces of Madagascar.

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