Gem Diamonds Limited’s (GEMD) Buy Rating Reiterated at Panmure Gordon
Panmure Gordon reissued their buy rating on shares of Gem Diamonds Limited (LON:GEMD) in a research report released on Monday morning. The firm currently has a GBX 132 ($1.70) target price on the stock.
Other equities research analysts have also recently issued reports about the stock. FinnCap reaffirmed a buy rating and issued a GBX 150 ($1.94) target price on shares of Gem Diamonds Limited in a research report on Thursday, August 17th. Liberum Capital reaffirmed a hold rating and issued a GBX 90 ($1.16) target price on shares of Gem Diamonds Limited in a research report on Monday, June 12th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 100 ($1.29) target price on shares of Gem Diamonds Limited in a research report on Thursday, August 24th. Royal Bank Of Canada raised shares of Gem Diamonds Limited to a sector perform rating and raised their target price for the stock from GBX 80 ($1.03) to GBX 100 ($1.29) in a research report on Friday, June 9th. Finally, Barclays PLC reaffirmed an underweight rating and issued a GBX 85 ($1.10) target price on shares of Gem Diamonds Limited in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 110.29 ($1.42).
Shares of Gem Diamonds Limited (LON:GEMD) opened at 73.50 on Monday. The company’s market capitalization is GBX 101.65 million. Gem Diamonds Limited has a 52-week low of GBX 73.25 and a 52-week high of GBX 127.28. The stock’s 50 day moving average is GBX 80.50 and its 200 day moving average is GBX 91.58.
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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