Gem Diamonds Limited Rating Reiterated by Citigroup Inc. (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a GBX 199 ($3.41) target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 19.88% from the company’s current price.
Shares of Gem Diamonds Limited (LON:GEMD) traded up 1.81% during mid-day trading on Monday, hitting GBX 169.00. 46,561 shares of the company’s stock traded hands. Gem Diamonds Limited has a one year low of GBX 126.50 and a one year high of GBX 178.25. The stock has a 50-day moving average of GBX 155.7 and a 200-day moving average of GBX 160.7. The company’s market cap is £233.6 million.
A number of other analysts have also recently weighed in on GEMD. Analysts at BMO Capital Markets reiterated an “underperform” rating on shares of Gem Diamonds Limited in a research note on Monday, May 12th. They now have a GBX 100 ($1.72) price target on the stock. Separately, analysts at FinnCap reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Monday, May 12th. They now have a GBX 211 ($3.62) price target on the stock. Finally, 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 ($3.26) price target on the stock. One investment analyst has rated the stock with a sell rating, four have given 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 ($3.17).
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.