Gem Diamonds Limited Stock Rating Reaffirmed by BMO Capital Markets (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “underperform” rating restated by BMO Capital Markets in a research note issued on Wednesday. They currently have a GBX 100 ($1.67) target price on the stock. BMO Capital Markets’ price target would indicate a potential downside of 51.87% from the company’s current price.
A number of other firms have also recently commented on GEMD. Analysts at Liberum Capital reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday. They now have a GBX 190 ($3.18) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Gem Diamonds Limited in a research note on Wednesday. They now have a GBX 235 ($3.93) price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 199.50 ($3.34).
Gem Diamonds Limited (LON:GEMD) opened at 215.00 on Wednesday. Gem Diamonds Limited has a one year low of GBX 137.00 and a one year 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 £297.1 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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