Gem Diamonds (LON:GEMD) Receives Buy Rating from Berenberg Bank

Gem Diamonds (LON:GEMDGet Rating)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 80 ($1.04) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 22.32% from the stock’s current price.

A number of other analysts have also weighed in on GEMD. Liberum Capital reiterated a “buy” rating and issued a GBX 100 ($1.30) target price on shares of Gem Diamonds in a research note on Thursday, January 20th. Barclays reiterated an “overweight” rating and issued a GBX 70 ($0.91) target price on shares of Gem Diamonds in a research note on Monday, March 7th.

LON:GEMD opened at GBX 65.40 ($0.85) on Thursday. The stock’s fifty day moving average is GBX 57.82 and its 200 day moving average is GBX 53.46. Gem Diamonds has a fifty-two week low of GBX 42.36 ($0.55) and a fifty-two week high of GBX 79.40 ($1.03). The firm has a market capitalization of £91.91 million and a PE ratio of 8.08. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.18 and a current ratio of 2.32.

About Gem Diamonds (Get Rating)

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.

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