Barclays Reaffirms “Overweight” Rating for Gem Diamonds Limited (GEMD)
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “underperform” rating on shares of Gem Diamonds Limited in a research note on Wednesday. They now have a GBX 100 ($1.67) price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Gem Diamonds Limited presently has an average rating of “Buy” and an average price target of GBX 199.45 ($3.33).
Gem Diamonds Limited (LON:GEMD) opened at 218.00 on Thursday. Gem Diamonds Limited has a 1-year low of GBX 137.00 and a 1-year high of GBX 210.00. The stock’s 50-day moving average is GBX 187.1 and its 200-day moving average is GBX 169.. The company’s market cap is £301.3 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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