Gem Diamonds Limited Given “Buy” Rating at Westhouse Securities (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reissued by analysts at Westhouse Securities in a research report issued to clients and investors on Wednesday. They currently have a GBX 235 ($3.93) target price on the stock. Westhouse Securities’ price target indicates a potential upside of 13.12% from the stock’s previous close.
GEMD has been the subject of a number of other recent research reports. Analysts at FinnCap reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday. They now have a GBX 261 ($4.36) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 199.50 ($3.34).
Shares of Gem Diamonds Limited (LON:GEMD) opened at 214.00 on Wednesday. Gem Diamonds Limited has a 52 week low of GBX 137.00 and a 52 week high of GBX 210.00. The stock has a 50-day moving average of GBX 184. and a 200-day moving average of GBX 168.8. The company’s market cap is £295.8 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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