Gem Diamonds (LON:GEMD) had its price objective increased by JPMorgan Chase & Co. from GBX 100 ($1.29) to GBX 115 ($1.49) in a research report report published on Monday morning. The firm currently has a neutral rating on the stock.
A number of other equities analysts have also weighed in on the company. Liberum Capital restated a buy rating on shares of Gem Diamonds in a research note on Friday, August 3rd. Barclays upped their target price on Gem Diamonds from GBX 90 ($1.17) to GBX 110 ($1.42) and gave the stock an underweight rating in a research note on Wednesday, July 18th. Canaccord Genuity restated a buy rating and issued a GBX 145 ($1.88) target price on shares of Gem Diamonds in a research note on Thursday, June 28th. Finally, Citigroup restated a buy rating and issued a GBX 150 ($1.94) target price (up from GBX 115 ($1.49)) on shares of Gem Diamonds in a research note on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 133.86 ($1.73).
Shares of LON GEMD opened at GBX 114.50 ($1.48) on Monday. Gem Diamonds has a twelve month low of GBX 66 ($0.85) and a twelve month high of GBX 114.75 ($1.49).
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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