Gem Diamonds Limited Stock Rating Reaffirmed by FinnCap (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by equities research analysts at FinnCap in a research note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 211 ($3.55) target price on the stock. FinnCap’s price target indicates a potential upside of 24.48% from the stock’s previous close.
GEMD has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Gem Diamonds Limited in a research note on Friday, May 9th. They now have a GBX 190 ($3.20) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Gem Diamonds Limited in a research note on Thursday, May 8th. They now have a GBX 200 ($3.37) 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 Tuesday, May 6th. They now have a GBX 220 ($3.71) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Gem Diamonds Limited currently has an average rating of “Buy” and a consensus target price of GBX 184.91 ($3.11).
Shares of Gem Diamonds Limited (LON:GEMD) traded up 0.30% on Monday, hitting GBX 168.50. 23,013 shares of the company’s stock traded hands. Gem Diamonds Limited has a 1-year low of GBX 106.00 and a 1-year high of GBX 178.25. The stock’s 50-day moving average is GBX 166.9 and its 200-day moving average is GBX 158.7. The company’s market cap is £232.9 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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