Several other equities research analysts also recently weighed in on GEMD. Liberum Capital reaffirmed a hold rating and issued a GBX 90 ($1.16) target price on shares of Gem Diamonds Limited in a research report on Thursday, August 17th. Panmure Gordon reaffirmed a buy rating and issued a GBX 132 ($1.70) target price on shares of Gem Diamonds Limited in a research report on Monday. 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 report on Wednesday, May 24th. Barclays PLC reaffirmed an underweight rating on shares of Gem Diamonds Limited in a research report on Wednesday, May 24th. Finally, Royal Bank Of Canada raised Gem Diamonds Limited to a sector perform rating and upped their target price for the stock from GBX 80 ($1.03) to GBX 100 ($1.29) in a research report 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 company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 110.29 ($1.42).
Shares of Gem Diamonds Limited (LON GEMD) opened at 74.00 on Tuesday. The firm’s market cap is GBX 102.34 million. The stock’s 50 day moving average price is GBX 80.27 and its 200 day moving average price is GBX 91.45. Gem Diamonds Limited has a 12 month low of GBX 72.00 and a 12 month high of GBX 127.28.
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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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