Gem Diamonds Limited (LON:GEMD) Stock Rating Reaffirmed by Barclays PLC
Gem Diamonds Limited (LON:GEMD)‘s stock had its “underweight” rating restated by equities research analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a GBX 85 ($1.10) price target on the stock. Barclays PLC’s price objective points to a potential downside of 1.73% from the company’s previous close.
A number of other brokerages also recently issued reports on GEMD. J P Morgan Chase & Co raised their price target on shares of Gem Diamonds Limited from GBX 105 ($1.36) to GBX 112 ($1.45) and gave the company a “neutral” rating in a report on Thursday, March 16th. Royal Bank Of Canada downgraded shares of Gem Diamonds Limited to an “underperform” rating and dropped their price target for the company from GBX 110 ($1.42) to GBX 80 ($1.04) in a report on Friday, March 24th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 156 ($2.02) price target on shares of Gem Diamonds Limited in a report on Tuesday, July 4th. FinnCap dropped their price target on shares of Gem Diamonds Limited from GBX 185 ($2.40) to GBX 150 ($1.94) and set a “buy” rating on the stock in a report on Tuesday, July 4th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 90 ($1.17) price target on shares of Gem Diamonds Limited in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Gem Diamonds Limited currently has an average rating of “Hold” and a consensus target price of GBX 113.71 ($1.47).
Gem Diamonds Limited (LON GEMD) opened at 86.50 on Friday. The firm has a 50-day moving average of GBX 91.70 and a 200-day moving average of GBX 103.18. The stock’s market capitalization is GBX 119.64 million. Gem Diamonds Limited has a 1-year low of GBX 84.00 and a 1-year high of GBX 137.00.
WARNING: “Gem Diamonds Limited (LON:GEMD) Stock Rating Reaffirmed by Barclays PLC” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/16/gem-diamonds-limited-longemd-stock-rating-reaffirmed-by-barclays-plc.html.
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.
Receive News & Ratings for Gem Diamonds Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds Limited and related companies with MarketBeat.com's FREE daily email newsletter.