Today, Gem Diamonds Limited (GEMD) Price Target Decreased to GBX 145 at JPMorgan Chase & Co.

Today, Gem Diamonds Limited (GEMD) Price Target Decreased to GBX 145 at JPMorgan Chase & Co.

Gem Diamonds Limited (LON:GEMD) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from GBX 170 ($2.12) to GBX 145 ($1.81) in a research note issued to investors on Monday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 34.26% from the company’s previous close.

GEMD has been the subject of a number of other research reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 190 ($2.37) target price on shares of Gem Diamonds Limited in a report on Wednesday, August 17th. FinnCap reaffirmed a “buy” rating and issued a GBX 270 ($3.37) target price on shares of Gem Diamonds Limited in a report on Wednesday, August 10th. Barclays PLC cut Gem Diamonds Limited to an “underweight” rating and lowered their target price for the stock from GBX 180 ($2.25) to GBX 110 ($1.37) in a report on Wednesday, September 21st. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 182 ($2.27) target price on shares of Gem Diamonds Limited in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 152.38 ($1.90).

Shares of Gem Diamonds Limited (LON:GEMD) traded down 2.92% during midday trading on Monday, reaching GBX 108.00. The company had a trading volume of 243,290 shares. The stock’s market capitalization is GBX 149.04 million. The stock’s 50 day moving average is GBX 115.37 and its 200-day moving average is GBX 124.91. Gem Diamonds Limited has a 12-month low of GBX 95.25 and a 12-month high of GBX 148.00.

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