Gem Diamonds Limited (LON:GEMD) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 92.17 ($1.20).
GEMD has been the topic of several research reports. Liberum Capital downgraded shares of Gem Diamonds to a “hold” rating and lowered their price objective for the stock from GBX 105 ($1.37) to GBX 60 ($0.78) in a research report on Monday. Bank of America reissued a “buy” rating on shares of Gem Diamonds in a report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their price target on Gem Diamonds from GBX 110 ($1.44) to GBX 75 ($0.98) and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Gem Diamonds in a research note on Friday, October 4th.
Shares of Gem Diamonds stock traded up GBX 3.20 ($0.04) during trading hours on Friday, hitting GBX 52.80 ($0.69). The company had a trading volume of 82,024 shares, compared to its average volume of 174,864. Gem Diamonds has a twelve month low of GBX 57.85 ($0.76) and a twelve month high of GBX 115 ($1.50). The company has a market cap of $73.38 million and a P/E ratio of 12.57. The company has a debt-to-equity ratio of 16.01, a current ratio of 1.55 and a quick ratio of 0.77. The company’s 50-day moving average is GBX 62.11 and its two-hundred day moving average is GBX 72.89.
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.
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