Gem Diamonds Limited (GEMD) Receives Average Rating of “Buy” from Brokerages
Shares of Gem Diamonds Limited (LON:GEMD) have received a consensus rating of “Buy” from the nine brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 161.78 ($2.00).
A number of research analysts have recently weighed in on GEMD shares. Panmure Gordon reissued a “buy” rating and set a GBX 182 ($2.25) target price on shares of Gem Diamonds Limited in a research report on Wednesday, August 17th. FinnCap reissued a “buy” rating and set a GBX 270 ($3.34) target price on shares of Gem Diamonds Limited in a research report on Wednesday, June 15th. JPMorgan Chase & Co. reduced their target price on shares of Gem Diamonds Limited from GBX 175 ($2.17) to GBX 170 ($2.10) and set an “overweight” rating for the company in a research report on Thursday, September 15th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 180 ($2.23) target price on shares of Gem Diamonds Limited in a research report on Wednesday, July 20th.
Gem Diamonds Limited (LON:GEMD) traded up 1.71% on Thursday, reaching GBX 119.25. The company’s stock had a trading volume of 262,179 shares. The firm’s 50 day moving average is GBX 122.49 and its 200-day moving average is GBX 128.13. Gem Diamonds Limited has a 12 month low of GBX 94.75 and a 12 month high of GBX 148.00. The firm’s market cap is GBX 164.57 million.
Gem Diamonds Limited Company Profile
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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