Gem Diamonds Limited (GEMD) Rating Reiterated by FinnCap

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.

Receive News & Ratings for Gem Diamonds Limited Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds Limited and related companies with MarketBeat.com's FREE daily email newsletter.

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.

TRADEMARK VIOLATION WARNING: “[[title]]” was published by [[site]] and is the property of of [[site]]. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at [[permalink]].

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.