Gem Diamonds (LON:GEMD) had its price objective reduced by Barclays from GBX 115 ($1.50) to GBX 90 ($1.18) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. They currently have an underweight rating on the stock.
A number of other brokerages have also issued reports on GEMD. Canaccord Genuity reaffirmed a buy rating and set a GBX 145 ($1.89) target price on shares of Gem Diamonds in a research report on Thursday, January 3rd. Liberum Capital reaffirmed a buy rating on shares of Gem Diamonds in a research report on Thursday, February 7th. JPMorgan Chase & Co. dropped their target price on Gem Diamonds from GBX 115 ($1.50) to GBX 110 ($1.44) and set a neutral rating on the stock in a research report on Friday, February 8th. Citigroup dropped their target price on Gem Diamonds from GBX 150 ($1.96) to GBX 125 ($1.63) and set a buy rating on the stock in a research report on Friday, February 8th. Finally, Berenberg Bank dropped their target price on Gem Diamonds from GBX 140 ($1.83) to GBX 120 ($1.57) and set a buy rating on the stock in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 113.33 ($1.48).
Shares of LON GEMD opened at GBX 86 ($1.12) on Friday. Gem Diamonds has a 1 year low of GBX 88 ($1.15) and a 1 year high of GBX 125 ($1.63). The stock has a market cap of $119.48 million and a PE ratio of 4.70. 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 Company Profile
Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Let?eng 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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