Gem Diamonds Limited (GEMD) Receives Underweight Rating from Barclays PLC

Gem Diamonds Limited (LON:GEMD)‘s stock had its “underweight” rating restated by analysts at Barclays PLC in a research report issued to clients and investors on Friday, July 14th. They presently have a GBX 85 ($1.12) price target on the stock. Barclays PLC’s target price would indicate a potential upside of 3.98% from the stock’s current price.

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A number of other analysts have also issued reports on GEMD. J P Morgan Chase & Co reduced their price target on shares of Gem Diamonds Limited from GBX 112 ($1.48) to GBX 105 ($1.39) and set a “neutral” rating for the company in a research report on Wednesday, May 24th. Liberum Capital reissued a “hold” rating and issued a GBX 90 ($1.19) price target on shares of Gem Diamonds Limited in a research report on Monday, June 12th. Royal Bank Of Canada raised shares of Gem Diamonds Limited to a “sector perform” rating and increased their price target for the stock from GBX 80 ($1.06) to GBX 100 ($1.32) in a research report on Friday, June 9th. Panmure Gordon reissued a “buy” rating and issued a GBX 156 ($2.06) price target on shares of Gem Diamonds Limited in a research report on Tuesday, July 4th. Finally, FinnCap reissued a “buy” rating and issued a GBX 150 ($1.98) price target on shares of Gem Diamonds Limited in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Gem Diamonds Limited presently has a consensus rating of “Hold” and a consensus price target of GBX 113.71 ($1.50).

Gem Diamonds Limited (LON:GEMD) opened at 81.75 on Friday. The company’s 50-day moving average is GBX 89.56 and its 200 day moving average is GBX 99.58. The firm’s market cap is GBX 113.07 million. Gem Diamonds Limited has a 12 month low of GBX 81.75 and a 12 month high of GBX 135.00.

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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.