Gem Diamonds Limited (LON:GEMD) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 105.60 ($1.38).
Several equities research analysts have commented on the company. Liberum Capital restated a “buy” rating on shares of Gem Diamonds in a research note on Friday, September 6th. JPMorgan Chase & Co. dropped their price target on Gem Diamonds from GBX 120 ($1.57) to GBX 110 ($1.44) and set a “neutral” rating for the company in a research note on Thursday, August 15th. Berenberg Bank dropped their price target on Gem Diamonds from GBX 95 ($1.24) to GBX 93 ($1.22) and set a “hold” rating for the company in a research note on Monday, August 5th. Finally, Barclays lowered their target price on Gem Diamonds from GBX 90 ($1.18) to GBX 80 ($1.05) and set an “underweight” rating for the company in a research note on Thursday, July 4th.
LON:GEMD traded up GBX 2 ($0.03) on Friday, hitting GBX 72.40 ($0.95). 34,626 shares of the stock were exchanged, compared to its average volume of 174,864. The stock has a market cap of $100.62 million and a PE ratio of 17.24. The company has a current ratio of 1.55, a quick ratio of 0.77 and a debt-to-equity ratio of 16.01. The stock has a fifty day moving average of GBX 72.19 and a 200-day moving average of GBX 82.33. Gem Diamonds has a fifty-two week low of GBX 68.40 ($0.89) and a fifty-two week high of GBX 124 ($1.62).
About Gem Diamonds
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
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