Gem Diamonds Limited (LON:GEMD)‘s stock had its “underweight” rating restated by research analysts at Barclays PLC in a report released on Friday, July 14th. They currently have a GBX 85 ($1.11) price objective on the stock. Barclays PLC’s price target would indicate a potential upside of 8.97% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Panmure Gordon reiterated a “buy” rating and set a GBX 156 ($2.03) target price on shares of Gem Diamonds Limited in a research report on Tuesday, July 4th. FinnCap reduced their target price on Gem Diamonds Limited from GBX 185 ($2.41) to GBX 150 ($1.95) and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.17) target price on shares of Gem Diamonds Limited in a research report on Monday, June 12th. Royal Bank Of Canada upgraded Gem Diamonds Limited to a “sector perform” rating and upped their price target for the stock from GBX 80 ($1.04) to GBX 100 ($1.30) in a research note on Friday, June 9th. Finally, J P Morgan Chase & Co dropped their price target on Gem Diamonds Limited from GBX 105 ($1.37) to GBX 100 ($1.30) and set a “neutral” rating for the company in a research note on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Gem Diamonds Limited presently has an average rating of “Hold” and a consensus price target of GBX 113.71 ($1.48).
Shares of Gem Diamonds Limited (GEMD) opened at 78.00 on Friday. The firm’s market capitalization is GBX 107.88 million. The company’s 50 day moving average price is GBX 86.89 and its 200-day moving average price is GBX 98.10. Gem Diamonds Limited has a 12 month low of GBX 75.25 and a 12 month high of GBX 131.85.
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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.
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