Brokerages Set Gem Diamonds Limited (GEMD) PT at $118.50

Shares of Gem Diamonds Limited (LON:GEMD) have been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 118.50 ($1.50).

GEMD has been the topic of a number of research reports. FinnCap restated a “buy” rating and issued a GBX 185 ($2.34) price target on shares of Gem Diamonds Limited in a report on Wednesday, March 15th. Liberum Capital restated a “hold” rating and issued a GBX 90 ($1.14) price target on shares of Gem Diamonds Limited in a report on Tuesday, May 23rd. J P Morgan Chase & Co boosted their price target on Gem Diamonds Limited from GBX 105 ($1.33) to GBX 112 ($1.42) and gave the company a “neutral” rating in a report on Thursday, March 16th. Royal Bank Of Canada lowered Gem Diamonds Limited to an “underperform” rating and cut their price target for the company from GBX 110 ($1.39) to GBX 80 ($1.01) in a report on Friday, March 24th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 156 ($1.97) price target on shares of Gem Diamonds Limited in a report on Wednesday, March 15th.

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Gem Diamonds Limited (LON GEMD) traded down 2.08% on Monday, reaching GBX 94.00. The company had a trading volume of 28,321 shares. Gem Diamonds Limited has a 12 month low of GBX 84.00 and a 12 month high of GBX 143.00. The stock’s market capitalization is GBX 130.01 million. The firm has a 50 day moving average price of GBX 90.03 and a 200-day moving average price of GBX 104.06.

Gem Diamonds Limited Company Profile

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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