Gem Diamonds Limited (LON:GEMD) has received a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 135.29 ($1.75).
GEMD has been the topic of several research reports. Liberum Capital upped their price target on Gem Diamonds from GBX 115 ($1.48) to GBX 135 ($1.74) and gave the company a “buy” rating in a research report on Friday, June 8th. Citigroup reissued a “buy” rating and set a GBX 150 ($1.93) price target (up from GBX 115 ($1.48)) on shares of Gem Diamonds in a research report on Monday, June 11th. Canaccord Genuity reissued a “buy” rating and set a GBX 145 ($1.87) price target on shares of Gem Diamonds in a research report on Thursday, June 28th. Barclays upped their price target on Gem Diamonds from GBX 90 ($1.16) to GBX 110 ($1.42) and gave the company an “underweight” rating in a research report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. upped their price target on Gem Diamonds from GBX 100 ($1.29) to GBX 115 ($1.48) and gave the company a “neutral” rating in a research report on Monday, August 6th.
Gem Diamonds stock opened at GBX 119 ($1.54) on Wednesday. Gem Diamonds has a 52 week low of GBX 66 ($0.85) and a 52 week high of GBX 114.75 ($1.48).
Gem Diamonds Company Profile
Gem Diamonds Limited explores for and develops diamond mines. The company owns 70% interest in the Let?eng mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. 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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