Gem Diamonds Limited Price Target Raised to GBX 240 (GEMD)
RBC Capital upped their price objective on shares of Gem Diamonds Limited (LON:GEMD) from GBX 220 ($3.68) to GBX 240 ($4.01) in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 15.52% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Gem Diamonds Limited in a research note on Thursday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 201.27 ($3.36).
Gem Diamonds Limited (LON:GEMD) traded down 0.81% on Thursday, hitting GBX 219.70. 129,933 shares of the company’s stock traded hands. 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 187.1 and a 200-day moving average of GBX 169.. The company’s market cap is £303.6 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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