Shares of Gem Diamonds Limited (LON:GEMD) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 152.38 ($1.90).

A number of brokerages have weighed in on GEMD. Panmure Gordon reissued a “buy” rating and set a GBX 162 ($2.02) price target on shares of Gem Diamonds Limited in a research note on Thursday. FinnCap reissued a “buy” rating and set a GBX 212 ($2.65) price target on shares of Gem Diamonds Limited in a research note on Thursday, November 10th. Barclays PLC reissued an “underweight” rating and set a GBX 110 ($1.37) price target on shares of Gem Diamonds Limited in a research note on Thursday, November 10th. JPMorgan Chase & Co. reduced their price target on Gem Diamonds Limited from GBX 170 ($2.12) to GBX 145 ($1.81) and set an “overweight” rating on the stock in a research note on Monday, November 7th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 190 ($2.37) price target on shares of Gem Diamonds Limited in a research note on Wednesday, August 17th.

Shares of Gem Diamonds Limited (LON:GEMD) traded down 1.30% during midday trading on Thursday, reaching GBX 114.25. The company’s stock had a trading volume of 73,672 shares. The stock’s market capitalization is GBX 158.07 billion. The stock’s 50 day moving average is GBX 117.23 and its 200 day moving average is GBX 125.90. Gem Diamonds Limited has a 12 month low of GBX 95.25 and a 12 month high of GBX 148.00.

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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