Gem Diamonds Limited (GEMD) Earns Buy Rating from FinnCap
A number of other equities analysts also recently issued reports on GEMD. Panmure Gordon reissued a buy rating and issued a GBX 162 ($2.00) price objective on shares of Gem Diamonds Limited in a report on Thursday, November 17th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 115 ($1.42) price objective on shares of Gem Diamonds Limited in a report on Wednesday, December 14th. Barclays PLC dropped their price objective on shares of Gem Diamonds Limited from GBX 110 ($1.36) to GBX 100 ($1.24) and set an underweight rating on the stock in a report on Monday, January 9th. Liberum Capital reissued a buy rating and issued a GBX 160 ($1.98) price objective on shares of Gem Diamonds Limited in a report on Monday, February 6th. Finally, Citigroup Inc reissued a neutral rating and issued a GBX 115 ($1.42) price objective on shares of Gem Diamonds Limited in a report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 141 ($1.74).
Gem Diamonds Limited (LON:GEMD) opened at 103.00 on Wednesday. The stock has a 50 day moving average of GBX 117.15 and a 200-day moving average of GBX 115.43. Gem Diamonds Limited has a one year low of GBX 100.25 and a one year high of GBX 148.00. The company’s market cap is GBX 142.14 million.
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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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