Gem Diamonds Limited PT Raised to GBX 256 at Panmure Gordon (GEMD)
Research analysts at Panmure Gordon boosted their price objective on shares of Gem Diamonds Limited (LON:GEMD) from GBX 211 ($3.50) to GBX 256 ($4.25) in a report released on Thursday. The firm currently has a “buy” rating on the stock. Panmure Gordon’s target price suggests a potential upside of 26.73% from the company’s current price.
A number of other analysts have also recently weighed in on GEMD. Analysts at RBC Capital raised their price target on shares of Gem Diamonds Limited from GBX 220 ($3.65) to GBX 240 ($3.98) in a research note on Thursday, August 21st. 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, August 21st. Finally, analysts at BMO Capital Markets reiterated an “underperform” rating on shares of Gem Diamonds Limited in a research note on Wednesday, August 20th. They now have a GBX 100 ($1.66) price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 205.36 ($3.41).
Shares of Gem Diamonds Limited (LON:GEMD) traded down 1.98% on Thursday, hitting GBX 198.00. The stock had a trading volume of 435,811 shares. 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 200.6 and a 200-day moving average of GBX 173.2. The company’s market cap is £273.2 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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