Gem Diamonds Limited’s (GEMD) Underweight Rating Reiterated at Barclays PLC

Barclays PLC reissued their underweight rating on shares of Gem Diamonds Limited (LON:GEMD) in a report released on Friday morning. The brokerage currently has a GBX 85 ($1.11) price target on the stock.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada cut Gem Diamonds Limited to an underperform rating and cut their price objective for the company from GBX 110 ($1.44) to GBX 80 ($1.04) in a report on Friday, March 24th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 112 ($1.46) price objective on shares of Gem Diamonds Limited in a report on Wednesday, April 19th. FinnCap restated a buy rating and issued a GBX 150 ($1.96) target price on shares of Gem Diamonds Limited in a research note on Wednesday, April 19th. Shore Capital restated a not rated rating on shares of Gem Diamonds Limited in a research note on Wednesday, May 10th. Finally, Panmure Gordon restated a buy rating and issued a GBX 156 ($2.04) target price on shares of Gem Diamonds Limited in a research note on Friday, April 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Gem Diamonds Limited currently has an average rating of Hold and a consensus price target of GBX 113.71 ($1.48).

Gem Diamonds Limited (LON:GEMD) traded down 0.59% during mid-day trading on Friday, reaching GBX 84.50. 52,499 shares of the company’s stock were exchanged. Gem Diamonds Limited has a 52 week low of GBX 84.00 and a 52 week high of GBX 135.00. The stock has a 50-day moving average price of GBX 91.70 and a 200-day moving average price of GBX 103.18. The stock’s market cap is GBX 116.87 million.

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About Gem Diamonds Limited

Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.