Gem Diamonds (LON: GEMD) PT Increased to GBX 115 at JPMorgan Chase & Co.

Gem Diamonds (LON: GEMD) had increased its price target with stock analysts at JPMorgan Chase & Co. from GBX 100 ($ 1.29) to GBX 115 ($ 1.48) in a report released on Monday, August 6. The company currently has a "neutral" rating on the shares. The target price of JPMorgan Chase & Co. suggests a potential advantage of 4.55% over the previous closing price of the shares.

GEMD has been the subject of several other research reports. Barclays increased its price target on Gem Diamonds from GBX 90 ($ 1.16) to GBX 110 ($ 1.42) and gave the shares an "underweight" rating in a report on Wednesday, July 18th. Liberum Capital has again set a "buy" rating and a GBX 135 ($ 1.74) price target on gemstone shares in a report on Friday, July 27. Citigroup repeated a "buy" rating and set a GBX 150 ($ 1.93) price target (rather higher than GBX 115 ($ 1.48)) on Gem Diamonds shares in a report on Monday, June 11. Finally, Canaccord Genuity repeated a "buy" rating and set a GBX 145 ($ 1.87) price target on Gem Diamonds shares in a report on Thursday, June 28. One equity research analyst assessed the shares with a sell rating, one has a hold rating and five have assigned a buy rating to the company's shares. Gem Diamonds currently has an average rating of "Buy" and an average target price of GBX 133.86 ($ 1.73).

GEMD shares shares moved GBX 1 ($ 0.01) on Monday and GBX 110 ($ 1.42). The share had a trading volume of 93,786 shares, compared with the average volume of 174,864. Gem Diamonds has a minimum of GBX 66 ($ 0.85) and a 1 year high of GBX 114.75 ($ 1.48) for 1 year.

About Gem Diamonds

Gem Diamonds Limited investigates and develops diamond mines. The company owns a 70% interest in the Let? Eng-mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine in Botswana. It also produces, sells and sells rough and polished diamonds. In addition, the company offers technical, financial and management consultancy services.

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Recommendations from gemstone analysts (LON: GEMD)

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