Liberum Capital Reaffirms “Buy” Rating for Gem Diamonds Limited (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 190 ($3.18) price target on the stock. Liberum Capital’s target price indicates a potential downside of 8.54% from the company’s current price.
A number of other firms have also recently commented on GEMD. 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. Separately, 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. Finally, 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. One 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. Gem Diamonds Limited presently has a consensus rating of “Buy” and a consensus target price of GBX 199.50 ($3.34).
Gem Diamonds Limited (LON:GEMD) opened at 213.83 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’s 50-day moving average is GBX 184. and its 200-day moving average is GBX 168.8. The company’s market cap is £295.5 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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