Gem Diamonds Limited (GEMD) Receives GBX 118.50 Average Target Price from Brokerages

Shares of Gem Diamonds Limited (LON:GEMD) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 118.50 ($1.53).

A number of research analysts have weighed in on GEMD shares. FinnCap reiterated a “buy” rating and issued a GBX 185 ($2.38) target price on shares of Gem Diamonds Limited in a research note on Wednesday, March 15th. Panmure Gordon reiterated a “buy” rating and issued a GBX 156 ($2.01) target price on shares of Gem Diamonds Limited in a research note on Wednesday, March 15th. Liberum Capital reiterated a “buy” rating and issued a GBX 160 ($2.06) target price on shares of Gem Diamonds Limited in a research note on Wednesday, March 15th. J P Morgan Chase & Co boosted their target price on shares of Gem Diamonds Limited from GBX 105 ($1.35) to GBX 112 ($1.44) and gave the company a “neutral” rating in a research note on Thursday, March 16th. Finally, Royal Bank of Canada cut shares of Gem Diamonds Limited to an “underperform” rating and dropped their target price for the company from GBX 110 ($1.42) to GBX 80 ($1.03) in a research note on Friday, March 24th.

Shares of Gem Diamonds Limited (LON GEMD) traded down 5.15% during midday trading on Friday, reaching GBX 92.00. 23,386 shares of the company traded hands. Gem Diamonds Limited has a 12-month low of GBX 84.00 and a 12-month high of GBX 135.00. The company has a 50-day moving average of GBX 91.70 and a 200 day moving average of GBX 103.18. The firm’s market capitalization is GBX 127.24 million.

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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.

Analyst Recommendations for Gem Diamonds Limited (LON:GEMD)

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