Gem Diamonds Limited (GEMD) Stock Rating Reaffirmed by Liberum Capital
Gem Diamonds Limited (LON:GEMD)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Tuesday. They presently have a GBX 90 ($1.19) target price on the stock. Liberum Capital’s price target indicates a potential upside of 12.50% from the company’s current price.
Other equities research analysts also recently issued reports about the company. FinnCap restated a “buy” rating and set a GBX 150 ($1.98) price objective on shares of Gem Diamonds Limited in a report on Tuesday. Panmure Gordon restated a “buy” rating and set a GBX 156 ($2.06) price objective on shares of Gem Diamonds Limited in a report on Tuesday, July 4th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 100 ($1.32) price objective on shares of Gem Diamonds Limited in a report on Thursday, August 24th. Finally, Barclays PLC dropped their price objective on Gem Diamonds Limited from GBX 85 ($1.12) to GBX 71 ($0.94) and set an “underweight” rating on the stock in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 108.29 ($1.43).
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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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