Gem Diamonds Ltd Price Target Cut to GBX 187 by Analysts at Citigroup Inc. (GEMD)
Stock analysts at Citigroup Inc. lowered their price objective on shares of Gem Diamonds Ltd (LON:GEMD) from GBX 188 ($3.01) to GBX 187 ($3.00) in a report issued on Monday, ARN reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target suggests a potential upside of 28.97% from the company’s current price.
A number of other analysts have also recently weighed in on GEMD. Analysts at Liberum Capital reiterated a “buy” rating on shares of Gem Diamonds Ltd (LON:GEMD) in a research note to investors on Friday, August 16th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gem Diamonds Ltd (LON:GEMD) in a research note to investors on Friday, August 16th. They now have a GBX 180 ($2.88) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Gem Diamonds Ltd (LON:GEMD) from GBX 175 ($2.80) to GBX 180 ($2.88) in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 169.88 ($2.72).
Shares of Gem Diamonds Ltd (LON:GEMD) traded up 4.69% during mid-day trading on Monday, hitting GBX 145.00. 72,972 shares of the company’s stock traded hands. Gem Diamonds Ltd has a 1-year low of GBX 106.00 and a 1-year high of GBX 190.10. The stock has a 50-day moving average of GBX 155.4 and a 200-day moving average of GBX 140.4. The company’s market cap is £200.5 million.
Gem Diamonds Limited is a global diamond mining company. The Company owns two production mines, the Letseng mine in Lesotho and the Ellendale mine in Australia, as well as the Ghaghoo mine, which is in development in Botswana.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.