Gem Diamonds (GEMD) Price Target Increased to GBX 115 by Analysts at Barclays
GEMD has been the subject of several other research reports. Canaccord Genuity reiterated a buy rating and set a GBX 145 ($1.89) price objective on shares of Gem Diamonds in a research note on Thursday, June 28th. JPMorgan Chase & Co. boosted their price objective on shares of Gem Diamonds from GBX 100 ($1.31) to GBX 115 ($1.50) and gave the stock a neutral rating in a research note on Monday, August 6th. Berenberg Bank initiated coverage on shares of Gem Diamonds in a research note on Thursday, September 20th. They set a buy rating and a GBX 140 ($1.83) price objective for the company. Finally, Liberum Capital boosted their price objective on shares of Gem Diamonds from GBX 135 ($1.76) to GBX 145 ($1.89) and gave the stock a buy rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 137.14 ($1.79).
Shares of LON GEMD traded up GBX 0.75 ($0.01) during trading hours on Friday, hitting GBX 115.75 ($1.51). 20,846 shares of the stock were exchanged, compared to its average volume of 174,864. Gem Diamonds has a 12 month low of GBX 66 ($0.86) and a 12 month high of GBX 114.75 ($1.50).
Gem Diamonds Limited explores for and develops diamond mines. The company owns 70% interest in the Let?eng mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
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