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

Gem Diamonds Limited (LON:GEMD)‘s stock had its “underweight” rating restated by Barclays PLC in a research report issued to clients and investors on Friday, July 14th. They currently have a GBX 85 ($1.11) price target on the stock. Barclays PLC’s price objective would indicate a potential upside of 8.97% from the stock’s previous close.

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Other equities analysts also recently issued research reports about the company. Liberum Capital restated a “hold” rating and issued a GBX 90 ($1.17) target price on shares of Gem Diamonds Limited in a research note on Wednesday, May 10th. J P Morgan Chase & Co cut their target price on Gem Diamonds Limited from GBX 112 ($1.46) to GBX 105 ($1.37) and set a “neutral” rating on the stock in a research note on Wednesday, May 24th. FinnCap restated a “buy” rating and issued a GBX 150 ($1.95) target price on shares of Gem Diamonds Limited in a research note on Tuesday, May 23rd. Panmure Gordon restated a “buy” rating and issued a GBX 156 ($2.03) target price on shares of Gem Diamonds Limited in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada raised shares of Gem Diamonds Limited to a “sector perform” rating and lifted their price target for the stock from GBX 80 ($1.04) to GBX 100 ($1.30) in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 113.71 ($1.48).

Gem Diamonds Limited (LON:GEMD) opened at 78.00 on Friday. Gem Diamonds Limited has a 52-week low of GBX 75.25 and a 52-week high of GBX 131.85. The firm’s market cap is GBX 107.88 million. The company has a 50 day moving average price of GBX 86.89 and a 200-day moving average price of GBX 98.10.

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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.