Gem Diamonds Limited Receives Consensus Rating of “Buy” from Brokerages (LON:GEMD)
Shares of Gem Diamonds Limited (LON:GEMD) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 201.27 ($3.36).
GEMD has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Gem Diamonds Limited from GBX 220 ($3.68) to GBX 240 ($4.01) in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Gem Diamonds Limited in a research note on Thursday. Finally, 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.
Shares of Gem Diamonds Limited (LON:GEMD) opened at 217.75 on Monday. Gem Diamonds Limited has a 52 week low of GBX 137.00 and a 52 week high of GBX 223.00. The stock has a 50-day moving average of GBX 189. and a 200-day moving average of GBX 169.6. The company’s market cap is £300.9 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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