Shares of Gem Diamonds Limited (LON:GEMD) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 108 ($1.41).
GEMD has been the subject of several research reports. Liberum Capital reissued a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Gem Diamonds in a report on Wednesday, March 13th. BMO Capital Markets restated an “underperform” rating on shares of Gem Diamonds in a research report on Wednesday, March 27th. Berenberg Bank downgraded Gem Diamonds to a “hold” rating and dropped their target price for the stock from GBX 120 ($1.57) to GBX 95 ($1.24) in a research report on Wednesday, March 27th. Canaccord Genuity dropped their target price on Gem Diamonds from GBX 145 ($1.89) to GBX 120 ($1.57) and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Gem Diamonds from GBX 110 ($1.44) to GBX 105 ($1.37) and set a “neutral” rating on the stock in a research report on Wednesday, April 10th.
LON GEMD remained flat at $GBX 76 ($0.99) on Tuesday. The company’s stock had a trading volume of 13,435 shares, compared to its average volume of 174,864. The business has a 50 day simple moving average of GBX 83.83. Gem Diamonds has a 1-year low of GBX 75.31 ($0.98) and a 1-year high of GBX 124 ($1.62). The company has a market capitalization of $105.61 million and a P/E ratio of 4.15. The company has a debt-to-equity ratio of 14.97, a quick ratio of 1.06 and a current ratio of 1.74.
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. 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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