Berenberg Bank reiterated their buy rating on shares of Gem Diamonds (LON:GEMD – Get Rating) in a research note published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 60 ($0.72) price target on the stock.
Separately, Barclays dropped their price objective on shares of Gem Diamonds from GBX 80 ($0.97) to GBX 60 ($0.72) and set an overweight rating on the stock in a research report on Friday, July 8th.
Gem Diamonds Price Performance
Shares of GEMD opened at GBX 34.70 ($0.42) on Thursday. The firm has a market capitalization of £48.37 million and a PE ratio of 309.55. The company’s 50-day moving average is GBX 42.60 and its 200-day moving average is GBX 52.20. Gem Diamonds has a fifty-two week low of GBX 33 ($0.40) and a fifty-two week high of GBX 76.40 ($0.92). The company has a debt-to-equity ratio of 6.43, a current ratio of 2.32 and a quick ratio of 1.18.
Insider Transactions at Gem Diamonds
Gem Diamonds Company Profile
Gem Diamonds Limited operates diamond mines. The company's flagship project is the Leteng mine located in the located in the Maluti Mountains of Lesotho. It is also involved in the production, manufacture, wholesale, retail, and marketing rough and polished diamonds. In addition, the company provides technical, financial, administrative, and management consulting services.
- Could Nike Stock be Oversold, but Still Overvalued?
- Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?
- Will Royal Caribbean’s Broadband Partnership Drive Revenue?
- Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?
- DocuSign Has Important Issues to Address When it Reports Earnings
Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.