Panmure Gordon Reaffirms Purchase Rating for Gem Diamonds Limited (GEMD)

Panmure Gordon Reaffirms Purchase Rating for Gem Diamonds Limited (GEMD)

Panmure Gordon reissued their buy rating on shares of Gem Diamonds Limited (LON:GEMD) in a research report report published on Wednesday morning. The firm currently has a GBX 156 ($1.93) price objective on the stock.

Several other equities research analysts have also recently issued reports on GEMD. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 115 ($1.42) target price on shares of Gem Diamonds Limited in a research report on Wednesday, December 14th. Barclays PLC reduced their price target on shares of Gem Diamonds Limited from GBX 110 ($1.36) to GBX 100 ($1.24) and set an underweight rating on the stock in a research report on Monday, January 9th. FinnCap reduced their price target on shares of Gem Diamonds Limited from GBX 212 ($2.62) to GBX 185 ($2.28) and set a buy rating on the stock in a research report on Monday, January 9th. Liberum Capital reaffirmed a buy rating and set a GBX 160 ($1.98) price target on shares of Gem Diamonds Limited in a research report on Monday, February 6th. Finally, Citigroup Inc reaffirmed a neutral rating and set a GBX 115 ($1.42) price target on shares of Gem Diamonds Limited in a research report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Gem Diamonds Limited presently has a consensus rating of Hold and an average target price of GBX 141 ($1.74).

Gem Diamonds Limited (LON:GEMD) opened at 103.25 on Wednesday. The stock has a 50 day moving average of GBX 117.15 and a 200 day moving average of GBX 115.43. Gem Diamonds Limited has a one year low of GBX 100.25 and a one year high of GBX 148.00. The firm’s market cap is GBX 142.49 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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