Gem Diamonds Limited’s (GEMD) “Hold” Rating Reaffirmed at Liberum Capital
Gem Diamonds Limited (LON:GEMD)‘s stock had its “hold” rating reissued by investment analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 90 ($1.17) target price on the stock. Liberum Capital’s price objective suggests a potential upside of 5.26% from the company’s previous close.
GEMD has been the subject of several other research reports. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 85 ($1.10) target price on shares of Gem Diamonds Limited in a research report on Friday, July 14th. Royal Bank Of Canada raised Gem Diamonds Limited to a “sector perform” rating and upped their target price for the stock from GBX 80 ($1.04) to GBX 100 ($1.30) in a research report on Friday, June 9th. J P Morgan Chase & Co decreased their target price on Gem Diamonds Limited from GBX 105 ($1.36) to GBX 100 ($1.30) and set a “neutral” rating for the company in a research report on Monday, June 5th. FinnCap decreased their target price on Gem Diamonds Limited from GBX 185 ($2.40) to GBX 150 ($1.95) and set a “buy” rating for the company in a research report on Tuesday, July 4th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Gem Diamonds Limited in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Gem Diamonds Limited currently has an average rating of “Hold” and an average target price of GBX 113.71 ($1.48).
Gem Diamonds Limited (LON GEMD) traded up 6.88% during midday trading on Thursday, reaching GBX 85.50. The company’s stock had a trading volume of 73,420 shares. The company has a 50 day moving average of GBX 84.90 and a 200-day moving average of GBX 96.71. The company’s market capitalization is GBX 118.25 million. Gem Diamonds Limited has a 1-year low of GBX 75.25 and a 1-year high of GBX 131.85.
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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.
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