Gem Diamonds (LON:GEMD)‘s stock had its “under review” rating reissued by investment analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 115 ($1.56) target price on the stock, up from their previous target price of GBX 90 ($1.22). Liberum Capital’s price target points to a potential upside of 23.39% from the company’s previous close.

Several other brokerages also recently commented on GEMD. FinnCap restated a “buy” rating and set a GBX 150 ($2.03) price objective on shares of Gem Diamonds in a research report on Thursday, November 23rd. Canaccord Genuity restated a “speculative buy” rating and set a GBX 95 ($1.29) price objective on shares of Gem Diamonds in a research report on Friday, January 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 100 ($1.36) price objective on shares of Gem Diamonds in a research report on Wednesday, November 1st. Finally, Barclays decreased their price objective on shares of Gem Diamonds from GBX 85 ($1.15) to GBX 71 ($0.96) and set an “underweight” rating on the stock in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 108.38 ($1.47).

Shares of Gem Diamonds (LON:GEMD) traded up GBX 12.60 ($0.17) during mid-day trading on Monday, hitting GBX 93.20 ($1.26). 795,601 shares of the stock traded hands, compared to its average volume of 64,952. The company has a market cap of $127.40 and a P/E ratio of -131.27. Gem Diamonds has a 12-month low of GBX 66 ($0.90) and a 12-month high of GBX 124.75 ($1.69).

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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)

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