Berenberg Bank initiated coverage on shares of Gem Diamonds (LON:GEMD) in a research note published on Thursday, September 20th. The firm issued a buy rating and a GBX 140 ($1.83) target price on the stock.
Other analysts also recently issued reports about the stock. Liberum Capital reissued a buy rating on shares of Gem Diamonds in a research report on Friday, August 3rd. Citigroup reissued a buy rating and issued a GBX 150 ($1.96) target price (up from GBX 115 ($1.50)) on shares of Gem Diamonds in a research report on Monday, June 11th. Canaccord Genuity reissued a buy rating and issued a GBX 145 ($1.89) target price on shares of Gem Diamonds in a research report on Wednesday, September 5th. Barclays boosted their target price on shares of Gem Diamonds from GBX 90 ($1.18) to GBX 110 ($1.44) and gave the stock an underweight rating in a research report on Wednesday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gem Diamonds from GBX 100 ($1.31) to GBX 115 ($1.50) and gave the stock a neutral rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 137.14 ($1.79).
GEMD stock traded up GBX 0.75 ($0.01) during trading hours on Thursday, hitting GBX 115.75 ($1.51). The company’s stock had a trading volume of 20,846 shares, compared to its average volume of 174,864. Gem Diamonds has a 12 month low of GBX 66 ($0.86) and a 12 month high of GBX 114.75 ($1.50).
Gem Diamonds Company Profile
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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