Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reaffirmed by equities researchers at FinnCap in a research note issued to investors on Thursday. They presently have a GBX 150 ($1.95) price target on the stock. FinnCap’s price target points to a potential upside of 92.31% from the stock’s previous close.

A number of other analysts have also weighed in on GEMD. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 112 ($1.45) price objective on shares of Gem Diamonds Limited in a research note on Wednesday, April 19th. Barclays PLC lowered their price objective on shares of Gem Diamonds Limited from GBX 100 ($1.30) to GBX 85 ($1.10) and set an “underweight” rating for the company in a research note on Friday, April 21st. Liberum Capital reaffirmed a “hold” rating and issued a GBX 90 ($1.17) price objective on shares of Gem Diamonds Limited in a research note on Wednesday, May 10th. Shore Capital reaffirmed a “not rated” rating on shares of Gem Diamonds Limited in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada raised shares of Gem Diamonds Limited to a “sector perform” rating and upped their price objective for the stock from GBX 80 ($1.04) to GBX 100 ($1.30) in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 113.71 ($1.48).

Gem Diamonds Limited (LON:GEMD) opened at 78.00 on Thursday. Gem Diamonds Limited has a 12 month low of GBX 75.25 and a 12 month high of GBX 131.85. The company’s 50-day moving average is GBX 85.60 and its 200-day moving average is GBX 96.91. The stock’s market capitalization is GBX 107.88 million.

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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.

Analyst Recommendations for Gem Diamonds Limited (LON:GEMD)

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