Gem Diamonds Limited’s “Sector Perform” Rating Reaffirmed at RBC Capital (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “sector perform” rating reiterated by research analysts at RBC Capital in a report released on Thursday, American Banking News.com reports. They currently have a GBX 180 ($2.95) price target on the stock. RBC Capital’s target price indicates a potential upside of 10.77% from the stock’s previous close.
Shares of Gem Diamonds Limited (LON:GEMD) traded up 3.17% during mid-day trading on Thursday, hitting GBX 162.50. 157,392 shares of the company’s stock traded hands. Gem Diamonds Limited has a one year low of GBX 106.00 and a one year high of GBX 175.31. The stock’s 50-day moving average is GBX 155.2 and its 200-day moving average is GBX 152.4. The company’s market cap is £224.7 million.
GEMD has been the subject of a number of other recent research reports. Analysts at FinnCap reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Thursday. They now have a GBX 190 ($3.12) price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 178.83 ($2.93).
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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