Gem Diamonds Limited (LON:GEMD) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from GBX 112 ($1.46) to GBX 105 ($1.37) in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 15.70% from the stock’s previous close.

Other analysts have also issued research reports about the company. FinnCap restated a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Gem Diamonds Limited in a report on Wednesday, April 19th. Panmure Gordon restated a “buy” rating and issued a GBX 156 ($2.03) price objective on shares of Gem Diamonds Limited in a report on Friday, April 7th. Liberum Capital restated a “buy” rating and issued a GBX 160 ($2.08) price objective on shares of Gem Diamonds Limited in a report on Wednesday, March 15th. Finally, Citigroup Inc restated a “neutral” rating and issued a GBX 115 ($1.50) price objective on shares of Gem Diamonds Limited in a report on Tuesday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Gem Diamonds Limited has an average rating of “Hold” and a consensus price target of GBX 111.57 ($1.45).

Analyst Recommendations for Gem Diamonds Limited (LON:GEMD)

Shares of Gem Diamonds Limited (LON:GEMD) traded up 0.83% on Wednesday, hitting GBX 90.75. The stock had a trading volume of 90,588 shares. The firm’s market cap is GBX 125.51 million. Gem Diamonds Limited has a 12-month low of GBX 84.00 and a 12-month high of GBX 145.00. The company’s 50-day moving average price is GBX 90.29 and its 200 day moving average price is GBX 106.45.

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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.

12 Month Chart for LON:GEMD

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