The Gem Diamonds Limited (GEMD) PT Lowered to GBX 105

The Gem Diamonds Limited (GEMD) PT Lowered to GBX 105

GEMD has been the subject of a number of other research reports. FinnCap reaffirmed a “buy” rating and set a GBX 185 ($2.38) price objective on shares of Gem Diamonds Limited in a research report on Wednesday, March 15th. Liberum Capital reissued a “buy” rating and set a GBX 160 ($2.06) target price on shares of Gem Diamonds Limited in a research note on Monday, February 6th. Royal Bank of Canada lowered shares of Gem Diamonds Limited to an “underperform” rating and reduced their target price for the company from GBX 110 ($1.41) to GBX 80 ($1.03) in a research note on Friday, March 24th. Panmure Gordon reduced their target price on shares of Gem Diamonds Limited from GBX 162 ($2.08) to GBX 156 ($2.00) and set a “buy” rating for the company in a research note on Monday, February 6th. Finally, Barclays PLC reduced their target price on shares of Gem Diamonds Limited from GBX 100 ($1.28) to GBX 85 ($1.09) and set an “underweight” rating for the company in a research note on Friday, April 21st. Two investment 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. Gem Diamonds Limited currently has an average rating of “Hold” and an average target price of GBX 110.86 ($1.42).

Gem Diamonds Limited (LON:GEMD) had its price objective dropped by analysts at JPMorgan Chase & Co. from GBX 112 ($1.44) to GBX 105 ($1.35) in a report issued on Wednesday, May 24th. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 14.44% from the company’s current price.

Shares of Gem Diamonds Limited (GEMD) opened at 90.775 on Wednesday. The firm’s 50-day moving average price is GBX 89.43 and its 200-day moving average price is GBX 105.41. The firm’s market cap is GBX 125.55 million. Gem Diamonds Limited has a 12 month low of GBX 84.00 and a 12 month high of GBX 145.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:GEMD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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