Gem Diamonds Limited (LON:GEMD) had its target price decreased by JPMorgan Chase & Co. from GBX 175 ($2.28) to GBX 170 ($2.22) in a research note released on Thursday morning. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Analyst Recommendations for Gem Diamonds Limited (LON:GEMD)

GEMD has been the topic of a number of other reports. Royal Bank Of Canada reissued an outperform rating and issued a GBX 170 ($2.22) price objective on shares of Gem Diamonds Limited in a research note on Monday, June 6th. Panmure Gordon reissued a buy rating and issued a GBX 182 ($2.38) price objective on shares of Gem Diamonds Limited in a research note on Wednesday, August 10th. FinnCap reissued a buy rating and issued a GBX 216 ($2.82) price objective (down from GBX 270 ($3.52)) on shares of Gem Diamonds Limited in a research note on Wednesday, August 17th. Barclays PLC reissued an overweight rating and issued a GBX 180 ($2.35) price objective on shares of Gem Diamonds Limited in a research note on Wednesday, July 20th. Finally, Liberum Capital reissued a buy rating and issued a GBX 190 ($2.48) price objective on shares of Gem Diamonds Limited in a research note on Wednesday, August 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 169.56 ($2.21).

Gem Diamonds Limited (LON:GEMD) opened at 122.00 on Thursday. Gem Diamonds Limited has a 1-year low of GBX 94.75 and a 1-year high of GBX 148.00. The company’s market capitalization is GBX 168.36 million. The firm has a 50-day moving average price of GBX 125.36 and a 200-day moving average price of GBX 126.56.

About Gem Diamonds Limited

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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