Gem Diamonds Limited Receives Average Rating of “Buy” from Brokerages (LON:GEMD)
Shares of Gem Diamonds Limited (LON:GEMD) have earned an average recommendation of “Buy” from the thirteen analysts that are currently covering the stock, American Banking News.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 199.50 ($3.34).
A number of research firms have recently commented on GEMD. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Thursday. They now have a GBX 211 ($3.53) 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 Wednesday, August 6th. They now have a GBX 220 ($3.68) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Gem Diamonds Limited in a research note on Tuesday, August 5th.
Gem Diamonds Limited (LON:GEMD) traded up 1.72% during mid-day trading on Monday, hitting GBX 207.25. The stock had a trading volume of 39,042 shares. Gem Diamonds Limited has a one year low of GBX 137.00 and a one year high of GBX 209.50. The stock has a 50-day moving average of GBX 181.4 and a 200-day moving average of GBX 167.9. The company’s market cap is £286.4 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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