Gem Diamonds Limited Rating Reiterated by FinnCap (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating restated by analysts at FinnCap in a research report issued to clients and investors on Thursday, Stock Ratings News reports. They currently have a GBX 190 ($3.12) price objective on the stock. FinnCap’s price objective suggests a potential upside of 16.92% from the stock’s previous close.
GEMD has been the subject of a number of other recent research reports. Analysts at Charles Stanley Securities reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday, January 29th. They now have a GBX 193 ($3.17) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday, January 29th. They now have a GBX 220 ($3.61) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Gem Diamonds Limited from GBX 190 ($3.12) to GBX 200 ($3.28) in a research note on Wednesday, January 29th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Gem Diamonds Limited presently has a consensus rating of “Buy” and an average price target of GBX 178.83 ($2.93).
Shares of Gem Diamonds Limited (LON:GEMD) traded up 3.17% on Thursday, hitting GBX 162.50. 157,392 shares of the company’s stock traded hands. Gem Diamonds Limited has a 52 week low of GBX 106.00 and a 52 week high of GBX 177.00. The stock’s 50-day moving average is GBX 155.6 and its 200-day moving average is GBX 152.4. The company’s market cap is £224.7 million.
Gem Diamonds Limited is a global diamond producer. The Company focuses primarily on extracting diamonds through the mining of its mineral resources at its operating assets.
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