Gem Diamonds Limited (LON:GEMD) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 105.60 ($1.38).
GEMD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Gem Diamonds from GBX 120 ($1.57) to GBX 110 ($1.44) and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Barclays cut their target price on Gem Diamonds from GBX 90 ($1.18) to GBX 80 ($1.05) and set an “underweight” rating on the stock in a research note on Thursday, July 4th. Berenberg Bank cut their target price on Gem Diamonds from GBX 95 ($1.24) to GBX 93 ($1.22) and set a “hold” rating on the stock in a research note on Monday, August 5th. Finally, Liberum Capital reiterated a “buy” rating on shares of Gem Diamonds in a research note on Friday, September 6th.
GEMD stock remained flat at $GBX 73.40 ($0.96) during mid-day trading on Friday. The company’s stock had a trading volume of 23,846 shares, compared to its average volume of 174,864. The company has a quick ratio of 0.77, a current ratio of 1.55 and a debt-to-equity ratio of 16.01. The firm has a market capitalization of $102.01 million and a PE ratio of 17.48. Gem Diamonds has a 12 month low of GBX 68.40 ($0.89) and a 12 month high of GBX 124 ($1.62). The business has a 50 day moving average price of GBX 72.20 and a 200-day moving average price of GBX 83.43.
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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