Gem Diamonds (LON:GEMD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Liberum Capital in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
A number of other analysts have also weighed in on the stock. Barclays decreased their target price on shares of Gem Diamonds from GBX 65 ($0.86) to GBX 50 ($0.66) and set an “underweight” rating on the stock in a report on Wednesday, January 15th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 92 ($1.21) target price on shares of Gem Diamonds in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gem Diamonds from GBX 75 ($0.99) to GBX 50 ($0.66) and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Gem Diamonds has a consensus rating of “Hold” and a consensus price target of GBX 74.40 ($0.98).
Gem Diamonds stock opened at GBX 68.40 ($0.90) on Thursday. The firm’s 50 day simple moving average is GBX 59.71 and its 200 day simple moving average is GBX 64.02. The company has a current ratio of 1.55, a quick ratio of 0.77 and a debt-to-equity ratio of 16.01. The firm has a market capitalization of $95.07 million and a PE ratio of 16.29. Gem Diamonds has a 1-year low of GBX 48.19 ($0.63) and a 1-year high of GBX 110.50 ($1.45).
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.
See Also: How Does the Quiet Period Work?
Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.