Gem Diamonds Limited (GEMD) Receives Consensus Recommendation of “Hold” from Analysts
Gem Diamonds Limited (LON:GEMD) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 113.71 ($1.50).
GEMD has been the topic of a number of analyst reports. FinnCap decreased their price target on Gem Diamonds Limited from GBX 185 ($2.44) to GBX 150 ($1.98) and set a “buy” rating on the stock in a research note on Friday, April 7th. Panmure Gordon reiterated a “buy” rating and set a GBX 156 ($2.06) target price on shares of Gem Diamonds Limited in a research report on Friday, April 7th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 112 ($1.48) target price on shares of Gem Diamonds Limited in a research report on Wednesday, April 19th. Barclays PLC decreased their target price on Gem Diamonds Limited from GBX 100 ($1.32) to GBX 85 ($1.12) and set an “underweight” rating on the stock in a research report on Friday, April 21st. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.19) target price on shares of Gem Diamonds Limited in a research report on Wednesday, May 10th.
Shares of Gem Diamonds Limited (LON:GEMD) traded up 0.61% on Tuesday, hitting GBX 83.00. The stock had a trading volume of 29,723 shares. The firm has a 50 day moving average of GBX 90.12 and a 200 day moving average of GBX 99.94. The stock’s market cap is GBX 114.79 million. Gem Diamonds Limited has a 12 month low of GBX 81.00 and a 12 month high of GBX 135.00.
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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