Gem Diamonds Limited’s (GEMD) Hold Rating Reiterated at Liberum Capital
Liberum Capital reissued their hold rating on shares of Gem Diamonds Limited (LON:GEMD) in a research report released on Tuesday. The brokerage currently has a GBX 90 ($1.19) price objective on the stock.
Other equities analysts also recently issued research reports about the company. FinnCap reissued a buy rating and set a GBX 150 ($1.98) price target on shares of Gem Diamonds Limited in a research report on Tuesday. Panmure Gordon reissued a buy rating and set a GBX 156 ($2.06) price target on shares of Gem Diamonds Limited in a research report on Tuesday, July 4th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 100 ($1.32) price target on shares of Gem Diamonds Limited in a research report on Thursday, August 24th. Finally, Barclays PLC decreased their target price on Gem Diamonds Limited from GBX 85 ($1.12) to GBX 71 ($0.94) and set an underweight rating on the stock in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 108.29 ($1.43).
Gem Diamonds Limited Company Profile
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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