Gem Diamonds Limited (GEMD) Receives Consensus Rating of “Hold” from Analysts

Shares of Gem Diamonds Limited (LON:GEMD) have received an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 108.38 ($1.47).

A number of research analysts have recently issued reports on GEMD shares. Barclays reduced their price target 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. FinnCap restated a “buy” rating and issued a GBX 150 ($2.03) price target on shares of Gem Diamonds in a research report on Tuesday, October 31st. Liberum Capital restated a “hold” rating and issued a GBX 90 ($1.22) price target on shares of Gem Diamonds in a research report on Tuesday, October 31st. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 100 ($1.36) price target on shares of Gem Diamonds in a research report on Wednesday, November 1st. Finally, Canaccord Genuity restated a “speculative buy” rating and issued a GBX 95 ($1.29) price target on shares of Gem Diamonds in a research report on Friday, January 5th.

Gem Diamonds (LON GEMD) opened at GBX 92.13 ($1.25) on Tuesday. Gem Diamonds has a 52-week low of GBX 66 ($0.90) and a 52-week high of GBX 124.75 ($1.69). The stock has a market cap of $126.85 and a PE ratio of -131.61.

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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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