Gem Diamonds (LON:GEMD)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Gem Diamonds from GBX 110 ($1.44) to GBX 105 ($1.37) and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Berenberg Bank downgraded shares of Gem Diamonds to a “hold” rating and cut their price objective for the stock from GBX 120 ($1.57) to GBX 95 ($1.24) in a research report on Wednesday, March 27th. BMO Capital Markets restated an “underperform” rating on shares of Gem Diamonds in a research report on Wednesday, March 27th. Barclays cut their price target on shares of Gem Diamonds from GBX 115 ($1.50) to GBX 90 ($1.18) and set an “underweight” rating for the company in a report on Friday, April 12th. Finally, Canaccord Genuity cut their price target on shares of Gem Diamonds from GBX 145 ($1.89) to GBX 120 ($1.57) and set a “buy” rating for the company in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Gem Diamonds presently has a consensus rating of “Hold” and a consensus price target of GBX 112.50 ($1.47).
Shares of Gem Diamonds stock opened at GBX 80.80 ($1.06) on Tuesday. The stock has a market cap of $112.28 million and a P/E ratio of 4.42. The company has a debt-to-equity ratio of 14.97, a quick ratio of 1.06 and a current ratio of 1.74. Gem Diamonds has a one year low of GBX 82 ($1.07) and a one year high of GBX 124.50 ($1.63). The stock’s fifty day moving average price is GBX 85.95.
About Gem Diamonds
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Leteng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.
Further Reading: Why do analysts give a neutral rating?
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