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Equities researchers at FinnCap upped their target price on shares of Gem Diamonds Limited (LON:GEMD) from GBX 211 ($3.58) to GBX 261 ($4.43) in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. FinnCap’s price objective indicates a potential upside of 27.01% from the stock’s previous close.

A number of other firms have also recently commented on GEMD. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday, July 16th. They now have a GBX 211 ($3.58) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Monday, July 7th. They now have a GBX 199 ($3.38) price target on the stock. Finally, 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 ($1.70) price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 193.09 ($3.28).

Gem Diamonds Limited (LON:GEMD) traded up 1.55% on Tuesday, hitting GBX 197.00. 367,451 shares of the company’s stock traded hands. Gem Diamonds Limited has a 52 week low of GBX 135.00 and a 52 week high of GBX 209.50. The stock has a 50-day moving average of GBX 166.2 and a 200-day moving average of GBX 164.9. The company’s market cap is £272.3 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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