Gem Diamonds Limited (LON:GEMD) was downgraded by equities researchers at Barclays PLC to an “underweight” rating in a note issued to investors on Wednesday. They presently have a GBX 110 ($1.44) price target on the stock, down from their previous price target of GBX 180 ($2.35). Barclays PLC’s target price indicates a potential downside of 9.65% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Gem Diamonds Limited from GBX 175 ($2.28) to GBX 170 ($2.22) and set an “overweight” rating on the stock in a report on Thursday, September 15th. FinnCap dropped their target price on shares of Gem Diamonds Limited from GBX 216 ($2.82) to GBX 212 ($2.77) and set a “buy” rating on the stock in a report on Wednesday, August 31st. Panmure Gordon restated a “buy” rating and issued a GBX 182 ($2.38) target price on shares of Gem Diamonds Limited in a report on Wednesday, August 17th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 190 ($2.48) target price on shares of Gem Diamonds Limited in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Gem Diamonds Limited currently has an average rating of “Buy” and a consensus price target of GBX 161.78 ($2.11).

Analyst Recommendations for Gem Diamonds Limited (LON:GEMD)

Gem Diamonds Limited (LON:GEMD) opened at 121.00 on Wednesday. The company has a 50-day moving average of GBX 125.34 and a 200 day moving average of GBX 126.67. The stock’s market capitalization is GBX 166.98 million. Gem Diamonds Limited has a 12 month low of GBX 94.75 and a 12 month high of GBX 148.00.

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About Gem Diamonds Limited

Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services.

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