FinnCap Reiterates “Buy” Rating for Gem Diamonds Limited (GEMD)
Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating restated by equities researchers at FinnCap in a report issued on Thursday. They currently have a GBX 212 ($2.63) price objective on the stock. FinnCap’s price objective would indicate a potential upside of 83.95% from the company’s current price.
Several other research firms also recently weighed in on GEMD. Panmure Gordon reissued a “buy” rating and set a GBX 182 ($2.25) price objective on shares of Gem Diamonds Limited in a report on Wednesday, August 17th. JPMorgan Chase & Co. cut their price objective on Gem Diamonds Limited from GBX 175 ($2.17) to GBX 170 ($2.11) and set an “overweight” rating on the stock in a report on Thursday, September 15th. Barclays PLC reissued an “underweight” rating and set a GBX 110 ($1.36) price objective on shares of Gem Diamonds Limited in a report on Thursday. Finally, Liberum Capital reissued a “buy” rating and set a GBX 190 ($2.35) price objective on shares of Gem Diamonds Limited in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Gem Diamonds Limited presently has an average rating of “Buy” and a consensus price target of GBX 154.88 ($1.92).
Gem Diamonds Limited (LON:GEMD) opened at 114.74 on Thursday. Gem Diamonds Limited has a 52-week low of GBX 95.00 and a 52-week high of GBX 148.00. The stock’s 50 day moving average price is GBX 117.82 and its 200 day moving average price is GBX 126.68. The firm’s market capitalization is GBX 158.34 million.
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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