Panmure Gordon Reiterates Buy Rating for Gem Diamonds Limited (GEMD)
A number of other equities analysts also recently commented on GEMD. FinnCap restated a buy rating and issued a GBX 150 ($1.94) target price on shares of Gem Diamonds Limited in a research note on Tuesday, May 23rd. Liberum Capital restated a hold rating and issued a GBX 90 ($1.16) target price on shares of Gem Diamonds Limited in a research note on Tuesday, May 23rd. J P Morgan Chase & Co decreased their target price on Gem Diamonds Limited from GBX 112 ($1.45) to GBX 105 ($1.36) and set a neutral rating for the company in a research note on Wednesday, May 24th. Barclays PLC restated an underweight rating on shares of Gem Diamonds Limited in a research note on Wednesday, May 24th. Finally, Royal Bank Of Canada upgraded Gem Diamonds Limited to a sector perform rating and lifted their target price for the company from GBX 80 ($1.03) to GBX 100 ($1.29) in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 110.29 ($1.42).
Shares of Gem Diamonds Limited (LON:GEMD) opened at 72.25 on Monday. Gem Diamonds Limited has a 1-year low of GBX 72.00 and a 1-year high of GBX 127.28. The firm’s 50-day moving average price is GBX 80.27 and its 200 day moving average price is GBX 91.45. The stock’s market capitalization is GBX 99.92 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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