Gem Diamonds Limited’s Buy Rating Reaffirmed at Panmure Gordon (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by Panmure Gordon in a research note issued on Thursday. They currently have a GBX 211 ($3.54) price target on the stock. Panmure Gordon’s price target would suggest a potential upside of 8.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Gem Diamonds Limited in a research note on Wednesday, August 6th. They now have a GBX 220 ($3.69) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gem Diamonds Limited in a research note on Tuesday, August 5th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Monday, August 4th. They now have a GBX 220 ($3.69) price target on the stock. Two equities research 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 has an average rating of “Buy” and an average price target of GBX 199.50 ($3.35).
Shares of Gem Diamonds Limited (LON:GEMD) opened at 206.00 on Thursday. Gem Diamonds Limited has a 1-year low of GBX 137.00 and a 1-year high of GBX 209.50. The stock has a 50-day moving average of GBX 178.1 and a 200-day moving average of GBX 167.4. The company’s market cap is £284.7 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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