FinnCap Reaffirms Buy Rating for Gem Diamonds Limited (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reissued by analysts at FinnCap in a research report issued to clients and investors on Wednesday. They currently have a GBX 261 ($4.36) price target on the stock. FinnCap’s price target would suggest a potential upside of 25.63% from the stock’s previous close.
GEMD has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Thursday, August 14th. 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 199.50 ($3.34).
Gem Diamonds Limited (LON:GEMD) traded up 3.25% during mid-day trading on Wednesday, hitting GBX 214.50. The stock had a trading volume of 162,185 shares. Gem Diamonds Limited has a 52 week low of GBX 137.00 and a 52 week high of GBX 210.00. The stock’s 50-day moving average is GBX 184. and its 200-day moving average is GBX 168.8. The company’s market cap is £296.4 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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