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Gem Diamonds Limited (LON:GEMD) Given “Buy” Rating at Panmure Gordon

July 16, 2017 8:55 AM
19 0
Gem Diamonds Limited (LON:GEMD) Given “Buy” Rating at Panmure Gordon

Gem Diamonds Limited (LON:GEMD)‘s stock had its “buy” rating reiterated by research analysts at Panmure Gordon in a research note issued on Tuesday, July 4th, StockTargetPrices.com reports. They presently have a GBX 156 ($2.02) target price on the stock. Panmure Gordon’s price target indicates a potential upside of 80.35% from the stock’s current price.

GEMD has been the topic of several other research reports. Barclays PLC lowered their price target on Gem Diamonds Limited from GBX 100 ($1.30) to GBX 85 ($1.10) and set an “underweight” rating on the stock in a research report on Friday, April 21st. FinnCap reiterated a “buy” rating and set a GBX 150 ($1.94) target price on shares of Gem Diamonds Limited in a research note on Wednesday, April 19th. Liberum Capital restated a “buy” rating and issued a GBX 160 ($2.07) price target on shares of Gem Diamonds Limited in a research note on Wednesday, March 15th. Royal Bank Of Canada downgraded Gem Diamonds Limited to an “underperform” rating and reduced their price target for the company from GBX 110 ($1.42) to GBX 80 ($1.04) in a research note on Friday, March 24th. Finally, J P Morgan Chase & Co reduced their price target on Gem Diamonds Limited from GBX 105 ($1.36) to GBX 100 ($1.30) and set a “neutral” rating for the company in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 113.71 ($1.47).

Shares of Gem Diamonds Limited (LON:GEMD) opened at 86.50 on Tuesday. The company’s market cap is GBX 119.64 million. Gem Diamonds Limited has a 12 month low of GBX 84.00 and a 12 month high of GBX 137.00. The firm’s 50-day moving average price is GBX 91.70 and its 200-day moving average price is GBX 103.18.

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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Also read: Gem Diamonds Limited (GEMD) Stock Rating Reaffirmed by FinnCap

Source: chaffeybreeze.com

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