Shares of Gem Diamonds Limited (LON:GEMD) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 161.78 ($1.97).

Several research firms recently weighed in on GEMD. Panmure Gordon reissued a “buy” rating and issued a GBX 182 ($2.22) target price on shares of Gem Diamonds Limited in a research note on Wednesday, August 10th. FinnCap reissued a “buy” rating and issued a GBX 216 ($2.63) target price (down from GBX 270 ($3.29)) on shares of Gem Diamonds Limited in a research note on Wednesday, August 17th. JPMorgan Chase & Co. decreased their target price on shares of Gem Diamonds Limited from GBX 180 ($2.19) to GBX 175 ($2.13) and set an “overweight” rating for the company in a research note on Wednesday, August 10th. Barclays PLC reissued an “overweight” rating and issued a GBX 180 ($2.19) target price on shares of Gem Diamonds Limited in a research note on Wednesday, July 20th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 190 ($2.32) target price on shares of Gem Diamonds Limited in a research note on Wednesday, August 17th.

Shares of Gem Diamonds Limited (LON:GEMD) opened at 115.50 on Thursday. Gem Diamonds Limited has a 12-month low of GBX 94.75 and a 12-month high of GBX 148.00. The company’s market cap is GBX 159.39 million. The stock has a 50 day moving average of GBX 122.17 and a 200 day moving average of GBX 128.38.

Gem Diamonds Limited Company Profile

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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