Shares of Gem Diamonds (LON:GEMD) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 111 ($1.56).
A number of equities research analysts recently issued reports on the company. JPMorgan Chase restated a “neutral” rating and issued a GBX 100 ($1.40) price objective on shares of Gem Diamonds in a research note on Thursday, March 15th. Liberum Capital restated a “buy” rating and issued a GBX 115 ($1.61) price objective on shares of Gem Diamonds in a research note on Wednesday, March 14th. Canaccord Genuity restated a “speculative buy” rating and issued a GBX 120 ($1.68) price objective on shares of Gem Diamonds in a research note on Thursday, March 8th. Finally, Barclays lowered their price objective on Gem Diamonds from GBX 71 ($1.00) to GBX 60 ($0.84) and set an “underweight” rating on the stock in a research note on Monday, January 8th.
Shares of Gem Diamonds stock opened at GBX 86.20 ($1.21) on Friday. Gem Diamonds has a 52-week low of GBX 66 ($0.93) and a 52-week high of GBX 114.75 ($1.61).
About Gem Diamonds
Gem Diamonds Limited explores for and develops diamond mines. The company owns 70% interest in the Let?eng mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. 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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