Gem Diamonds (GEMD) PT Raised to GBX 115 at Barclays
Gem Diamonds (LON:GEMD) had its price target increased by Barclays from GBX 110 ($1.44) to GBX 115 ($1.50) in a report issued on Friday. The firm presently has an “underweight” rating on the stock. Barclays’ target price suggests a potential downside of 0.65% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Liberum Capital restated a “buy” rating on shares of Gem Diamonds in a research report on Friday, August 3rd. Canaccord Genuity restated a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Gem Diamonds in a research report on Thursday, June 28th. Berenberg Bank started coverage on Gem Diamonds in a research report on Thursday, September 20th. They set a “buy” rating and a GBX 140 ($1.83) price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Gem Diamonds from GBX 100 ($1.31) to GBX 115 ($1.50) and gave the company a “neutral” rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 137.14 ($1.79).
Shares of GEMD stock opened at GBX 115.75 ($1.51) on Friday. Gem Diamonds has a 1 year low of GBX 66 ($0.86) and a 1 year high of GBX 114.75 ($1.50).
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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