JPMorgan Chase & Co. Cuts Gem Diamonds (LON:GEMD) Price Target to GBX 75

Gem Diamonds (LON:GEMD) had its price objective cut by JPMorgan Chase & Co. from GBX 110 ($1.44) to GBX 75 ($0.98) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently commented on the company. Berenberg Bank cut their price objective on Gem Diamonds from GBX 95 ($1.24) to GBX 93 ($1.22) and set a hold rating for the company in a research report on Monday, August 5th. Bank of America restated a buy rating on shares of Gem Diamonds in a research report on Tuesday, October 8th. Liberum Capital restated a buy rating on shares of Gem Diamonds in a research report on Tuesday. Finally, Shore Capital restated a not rated rating on shares of Gem Diamonds in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Gem Diamonds presently has a consensus rating of Hold and a consensus target price of GBX 101.33 ($1.32).

Gem Diamonds stock opened at GBX 61 ($0.80) on Wednesday. The stock has a market capitalization of $84.78 million and a PE ratio of 14.52. Gem Diamonds has a 12 month low of GBX 58.80 ($0.77) and a 12 month high of GBX 117.50 ($1.54). The business has a 50 day simple moving average of GBX 67.85 and a 200-day simple moving average of GBX 76.39. The company has a debt-to-equity ratio of 16.01, a current ratio of 1.55 and a quick ratio of 0.77.

About Gem Diamonds

Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the Letšeng 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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Analyst Recommendations for Gem Diamonds (LON:GEMD)

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