Gem Diamonds Limited (LON:GEMD) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 108.29 ($1.45).

A number of research analysts recently issued reports on GEMD shares. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.21) price objective on shares of Gem Diamonds in a report on Thursday, August 17th. FinnCap reiterated a “buy” rating and set a GBX 150 ($2.01) price objective on shares of Gem Diamonds in a report on Thursday, August 17th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 100 ($1.34) price objective on shares of Gem Diamonds in a report on Thursday, August 24th. Panmure Gordon reiterated a “buy” rating and set a GBX 132 ($1.77) price objective on shares of Gem Diamonds in a report on Monday, September 11th. Finally, Barclays decreased their price objective on Gem Diamonds from GBX 85 ($1.14) to GBX 71 ($0.95) and set an “underweight” rating for the company in a report on Tuesday, October 24th.

Gem Diamonds (LON:GEMD) opened at GBX 80 ($1.07) on Monday. Gem Diamonds has a fifty-two week low of GBX 68.50 ($0.92) and a fifty-two week high of GBX 124.75 ($1.67).

WARNING: “Gem Diamonds Limited (GEMD) Given Average Rating of “Hold” by Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/04/gem-diamonds-limited-gemd-given-average-rating-of-hold-by-brokerages.html.

About Gem Diamonds

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.

Analyst Recommendations for Gem Diamonds (LON:GEMD)

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.