Gem Diamonds Limited (GEMD) Receives Average Rating of “Hold” from Brokerages
Shares of Gem Diamonds Limited (LON:GEMD) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat reports. 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 average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 110.29 ($1.45).
GEMD has been the subject of a number of recent analyst reports. Panmure Gordon restated a “buy” rating and set a GBX 156 ($2.05) price objective on shares of Gem Diamonds Limited in a research note on Tuesday, July 4th. FinnCap lowered their price objective on Gem Diamonds Limited from GBX 185 ($2.43) to GBX 150 ($1.97) and set a “buy” rating for the company in a research note on Tuesday, July 4th. Liberum Capital restated a “hold” rating and set a GBX 90 ($1.18) price objective on shares of Gem Diamonds Limited in a research note on Tuesday, September 19th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 100 ($1.31) price objective on shares of Gem Diamonds Limited in a research note on Thursday, August 24th. Finally, Barclays PLC restated an “underweight” rating and set a GBX 85 ($1.12) price objective on shares of Gem Diamonds Limited in a research note on Friday, July 14th.
Shares of Gem Diamonds Limited (LON GEMD) traded up 0.799% during trading on Friday, reaching GBX 78.875. The company had a trading volume of 1,000 shares. Gem Diamonds Limited has a 52-week low of GBX 68.50 and a 52-week high of GBX 124.75. The firm has a 50-day moving average price of GBX 77.92 and a 200-day moving average price of GBX 86.19. The company’s market capitalization is GBX 109.08 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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