Gem Diamonds (LON:GEMD) Receives “Hold” Rating from Liberum Capital
Liberum Capital reiterated their hold rating on shares of Gem Diamonds (LON:GEMD) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
GEMD has been the topic of a number of other research reports. Berenberg Bank reiterated a hold rating and set a GBX 92 ($1.21) price objective on shares of Gem Diamonds in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Gem Diamonds from GBX 65 ($0.86) to GBX 50 ($0.66) and set an underweight rating on the stock in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gem Diamonds from GBX 75 ($0.99) to GBX 50 ($0.66) and set a neutral rating on the stock in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 74.40 ($0.98).
GEMD stock traded up GBX 0.80 ($0.01) during mid-day trading on Thursday, reaching GBX 68.40 ($0.90). 25,872 shares of the stock traded hands, compared to its average volume of 174,864. The company has a debt-to-equity ratio of 16.01, a quick ratio of 0.77 and a current ratio of 1.55. Gem Diamonds has a one year low of GBX 48.19 ($0.63) and a one year high of GBX 110.50 ($1.45). The stock has a market capitalization of $95.07 million and a PE ratio of 16.29. The business has a 50-day moving average price of GBX 59.71 and a two-hundred day moving average price of GBX 64.02.
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
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