Gem Diamonds Limited (GEMD) Given “Buy” Rating at FinnCap
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by equities researchers at FinnCap in a research report issued to clients and investors on Tuesday. They currently have a GBX 150 ($1.95) price target on the stock. FinnCap’s price target points to a potential upside of 65.29% from the company’s current price.
Several other research analysts have also issued reports on the stock. Shore Capital reiterated a “not rated” rating on shares of Gem Diamonds Limited in a research report on Wednesday, May 10th. Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.17) target price on shares of Gem Diamonds Limited in a research report on Wednesday, May 10th. Barclays PLC reiterated an “underweight” rating and issued a GBX 85 ($1.11) target price on shares of Gem Diamonds Limited in a research report on Wednesday, May 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 112 ($1.46) target price on shares of Gem Diamonds Limited in a research report on Wednesday, April 19th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 156 ($2.03) target price on shares of Gem Diamonds Limited in a research report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 111.57 ($1.45).
Gem Diamonds Limited (LON:GEMD) opened at 90.75 on Tuesday. Gem Diamonds Limited has a 52 week low of GBX 84.00 and a 52 week high of GBX 145.00. The company’s market capitalization is GBX 125.51 million. The stock has a 50 day moving average price of GBX 90.25 and a 200-day moving average price of GBX 106.23.
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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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