Shares of Gem Diamonds Limited (LON:GEMD) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 110.29 ($1.49).
Several research analysts recently weighed in on the company. Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.21) price objective on shares of Gem Diamonds Limited in a research report on Tuesday. FinnCap reiterated a “buy” rating and issued a GBX 150 ($2.02) price objective on shares of Gem Diamonds Limited in a research report on Tuesday. Panmure Gordon reiterated a “buy” rating and issued a GBX 132 ($1.78) price objective on shares of Gem Diamonds Limited in a research report on Monday, September 11th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 100 ($1.35) price objective on shares of Gem Diamonds Limited in a research report on Thursday, August 24th. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 85 ($1.15) price objective on shares of Gem Diamonds Limited in a research report on Friday, July 14th.
Gem Diamonds Limited (LON GEMD) traded up 1.67% during trading on Wednesday, reaching GBX 76.25. The company had a trading volume of 33,954 shares. The company’s 50-day moving average is GBX 79.33 and its 200 day moving average is GBX 90.16. Gem Diamonds Limited has a 52 week low of GBX 68.50 and a 52 week high of GBX 127.28. The firm’s market capitalization is GBX 105.45 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.
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