Gem Diamonds Limited Rating Reiterated by JPMorgan Chase & Co. (GEMD)
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Monday. They now have a GBX 220 ($3.70) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Gem Diamonds Limited in a research note on Tuesday, July 29th. They now have a GBX 220 ($3.70) price target on the stock, up previously from GBX 210 ($3.53). Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Gem Diamonds Limited in a research note on Tuesday, July 29th. They now have a GBX 190 ($3.20) price target on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 199.50 ($3.36).
Gem Diamonds Limited (LON:GEMD) traded up 3.60% on Tuesday, hitting GBX 194.00. 363,187 shares of the company’s stock traded hands. Gem Diamonds Limited has a 52 week low of GBX 137.00 and a 52 week high of GBX 209.50. The stock’s 50-day moving average is GBX 170.7 and its 200-day moving average is GBX 166.1. The company’s market cap is £268.1 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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