Gem Diamonds Ltd (LON:GEMD) Rating
Stock research analysts at Barclays Capital have GBX 140.00 target on Gem Diamonds Ltd (LON:GEMD). Barclays Capital’s target gives a potential upside of 27.34% from the company’s last close price. The rating was shown in a note on 16 March.
Out of 12 analysts covering Gem Diamonds Ltd (LON:GEMD), 10 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. GBX 3.84 is the highest target while GBX 1.42 is the lowest. The GBX 2.38 average target is 63.48% above today’s (GBX 109.94) stock price. Gem Diamonds Ltd was the topic in 52 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on March 16 with “Overweight” rating. RBC Capital Markets maintained it with “Outperform” rating and GBX 170 target price in a March 10 report. BMO Capital Markets maintained the shares of GEMD in a report on March 15 with “Market Perform” rating. Liberum Capital maintained the firm’s rating on March 3. Liberum Capital has “Buy” rating and GBX 190 price target. Finally, FinnCap maintained the stock with “Buy” rating in a March 15 report.
About 3,901 shares traded hands. Gem Diamonds Limited (LON:GEMD) has declined 16.03% since August 17, 2015 and is downtrending. It has underperformed by 11.84% the S&P500.
Gem Diamonds Limited is a global diamond producer engaged in the exploration and development of diamond mines. The company has a market cap of 153.58 million GBP. The firm owns 70% of the Letseng mine in Lesotho and 100% of the Ghaghoo mine in Botswana. It has 7.66 P/E ratio. The Company’s geographical divisions 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; Mauritius, which is engaged in manufacturing of diamonds, and BVI, RSA and UK, which provides technical and administrative services.
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