Gem Diamonds Limited (GEMD) Receives GBX 110 Average PT from Brokerages
Gem Diamonds Limited (LON:GEMD) has been given an average recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 110 ($1.44).
Several brokerages have commented on GEMD. Liberum Capital reiterated a “buy” rating on shares of Gem Diamonds in a research note on Thursday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Gem Diamonds from GBX 115 ($1.50) to GBX 110 ($1.44) and set a “neutral” rating on the stock in a research note on Friday, February 8th. Citigroup dropped their price target on shares of Gem Diamonds from GBX 150 ($1.96) to GBX 125 ($1.63) and set a “buy” rating on the stock in a research note on Friday, February 8th. Berenberg Bank dropped their price target on shares of Gem Diamonds from GBX 140 ($1.83) to GBX 120 ($1.57) and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of Gem Diamonds in a research note on Wednesday, March 27th.
GEMD stock opened at GBX 90 ($1.18) on Monday. 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 fifty-two week low of GBX 83.40 ($1.09) and a fifty-two week high of GBX 125 ($1.63). The company has a market cap of $125.04 million and a P/E ratio of 4.92.
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.
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