Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating restated by analysts at FinnCap in a research note issued on Thursday. They currently have a GBX 150 ($1.95) price objective on the stock. FinnCap’s price objective would indicate a potential upside of 75.44% from the company’s previous close.
A number of other research analysts have also commented on GEMD. Barclays PLC reiterated an “underweight” rating and set a GBX 85 ($1.10) price target on shares of Gem Diamonds Limited in a report on Friday, July 14th. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.17) price target on shares of Gem Diamonds Limited in a report on Tuesday, May 23rd. 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 report on Friday, June 9th. J P Morgan Chase & Co cut their price target on Gem Diamonds Limited from GBX 105 ($1.36) to GBX 100 ($1.30) and set a “neutral” rating for the company in a report on Monday, June 5th. Finally, Shore Capital reiterated a “not rated” rating on shares of Gem Diamonds Limited in a report on Wednesday, May 10th. One 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. The company currently has a consensus rating of “Hold” and an average target price of GBX 113.71 ($1.48).
Shares of Gem Diamonds Limited (LON GEMD) opened at 85.50 on Thursday. The stock’s market cap is GBX 118.25 million. The stock’s 50 day moving average is GBX 84.90 and its 200-day moving average is GBX 96.71. Gem Diamonds Limited has a 1-year low of GBX 75.25 and a 1-year high of GBX 131.85.
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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