Liberum Capital reissued their buy rating on shares of Gem Diamonds (LON:GEMD) in a research note issued to investors on Thursday morning. Liberum Capital currently has a GBX 115 ($1.59) price objective on the stock.
A number of other research analysts also recently commented on the stock. Canaccord Genuity raised their target price on shares of Gem Diamonds from GBX 95 ($1.31) to GBX 120 ($1.66) and gave the company a speculative buy rating in a research report on Friday, January 26th. Barclays cut their target price on shares of Gem Diamonds from GBX 71 ($0.98) to GBX 60 ($0.83) and set an underweight rating on the stock in a research report on Monday, January 8th. Finally, FinnCap reissued a buy rating and set a GBX 150 ($2.07) target price on shares of Gem Diamonds in a research report on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 111 ($1.53).
Gem Diamonds (LON GEMD) opened at GBX 92 ($1.27) on Thursday. The company has a market cap of $127.24 and a PE ratio of -129.58. Gem Diamonds has a 12-month low of GBX 66 ($0.91) and a 12-month high of GBX 120 ($1.66).
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.
Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.