Gem Diamonds Ltd Stock Rating Reaffirmed by Westhouse Securities (GEMD)
Gem Diamonds Ltd (LON:GEMD)‘s stock had its “buy” rating restated by stock analysts at Westhouse Securities in a report issued on Wednesday, AnalystRatings.NET reports. They currently have a GBX 220 ($3.62) target price on the stock. Westhouse Securities’ price target would indicate a potential upside of 39.46% from the stock’s previous close.
Shares of Gem Diamonds Ltd (LON:GEMD) traded down 0.16% during mid-day trading on Wednesday, hitting GBX 157.50. The stock had a trading volume of 42,457 shares. Gem Diamonds Ltd has a 52 week low of GBX 106.00 and a 52 week high of GBX 177.50. The stock’s 50-day moving average is GBX 149.9 and its 200-day moving average is GBX 150.7. The company’s market cap is £217.8 million.
A number of other analysts have also recently weighed in on GEMD. Analysts at JPMorgan Chase & Co. raised their price target on shares of Gem Diamonds Ltd from GBX 190 ($3.13) to GBX 200 ($3.30) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Gem Diamonds Ltd from GBX 182 ($3.00) to GBX 191 ($3.15) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets reiterated an “underperform” rating on shares of Gem Diamonds Ltd in a research note to investors on Tuesday. They now have a GBX 100 ($1.65) price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Gem Diamonds Ltd has an average rating of “Buy” and a consensus price target of GBX 178.83 ($2.95).
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.
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