Gem Diamonds (LON:GEMD) had its price objective boosted by Canaccord Genuity from GBX 95 ($1.29) to GBX 120 ($1.63) in a research note issued to investors on Friday. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 30.43% from the company’s previous close.
GEMD has been the subject of a number of other reports. Barclays reduced their price target on shares of Gem Diamonds from GBX 71 ($0.96) to GBX 60 ($0.81) and set an “underweight” rating for the company in a research note on Monday, January 8th. FinnCap reaffirmed a “buy” rating and issued a GBX 150 ($2.03) price target on shares of Gem Diamonds in a research note on Thursday, November 23rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 115 ($1.56) price target on shares of Gem Diamonds in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 100 ($1.36) price target on shares of Gem Diamonds in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 111.50 ($1.51).
Shares of Gem Diamonds (LON GEMD) opened at GBX 92 ($1.25) on Friday. The firm has a market cap of $128.40 and a P/E ratio of -133.33. Gem Diamonds has a one year low of GBX 66 ($0.90) and a one year high of GBX 124.75 ($1.69).
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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