Analysts Set Gem Diamonds Limited (GEMD) Target Price at $108.29

Shares of Gem Diamonds Limited (LON:GEMD) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 108.29 ($1.46).

GEMD has been the subject of a number of analyst reports. FinnCap reiterated a “buy” rating and issued a GBX 150 ($2.02) price target on shares of Gem Diamonds in a research note on Tuesday, October 31st. Barclays cut their price target on Gem Diamonds from GBX 85 ($1.14) to GBX 71 ($0.96) and set an “underweight” rating for the company in a research note on Tuesday, October 24th. Panmure Gordon reiterated a “buy” rating and issued a GBX 132 ($1.78) price target on shares of Gem Diamonds in a research note on Monday, September 11th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 100 ($1.35) price target on shares of Gem Diamonds in a research note on Thursday, August 24th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.21) price target on shares of Gem Diamonds in a research note on Tuesday, September 19th.

Shares of Gem Diamonds (LON GEMD) remained flat at $GBX 77 ($1.04) during mid-day trading on Monday. The company’s stock had a trading volume of 18,366 shares, compared to its average volume of 46,651. Gem Diamonds has a fifty-two week low of GBX 68.50 ($0.92) and a fifty-two week high of GBX 124.75 ($1.68).

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About Gem Diamonds

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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