Shares of Gem Diamonds Limited (LON:GEMD) have earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 111 ($1.53).
A number of research firms recently weighed in on GEMD. Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.24) price objective on shares of Gem Diamonds in a research note on Tuesday, December 12th. Barclays reduced their price objective on shares of Gem Diamonds from GBX 71 ($0.98) to GBX 60 ($0.83) and set an “underweight” rating for the company in a research note on Monday, January 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 100 ($1.38) price objective on shares of Gem Diamonds in a research note on Wednesday, November 1st. FinnCap restated a “buy” rating and set a GBX 150 ($2.07) price target on shares of Gem Diamonds in a research report on Thursday, November 23rd. Finally, Canaccord Genuity boosted their price target on shares of Gem Diamonds from GBX 95 ($1.31) to GBX 120 ($1.66) and gave the company a “speculative buy” rating in a research report on Friday, January 26th.
Gem Diamonds (LON GEMD) traded up GBX 0.77 ($0.01) during trading hours on Friday, hitting GBX 82.77 ($1.14). 11,772 shares of the company were exchanged, compared to its average volume of 203,817. The company has a market cap of $113.99 and a PE ratio of -118.25. Gem Diamonds has a 52 week low of GBX 66 ($0.91) and a 52 week high of GBX 123 ($1.70).
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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