Gem Diamonds (LON:GEMD) Stock Rating Reaffirmed by Barclays

Gem Diamonds (LON:GEMDGet Rating)‘s stock had its “overweight” rating restated by Barclays in a report released on Monday, Marketbeat Ratings reports.

A number of other equities analysts also recently issued reports on GEMD. Berenberg Bank reiterated a “buy” rating and issued a GBX 80 ($0.99) price target on shares of Gem Diamonds in a report on Monday, May 9th. Liberum Capital reiterated a “buy” rating and issued a GBX 100 ($1.23) price target on shares of Gem Diamonds in a report on Thursday, January 20th.

Shares of GEMD opened at GBX 61.40 ($0.76) on Monday. The company has a 50-day simple moving average of GBX 61.71 and a 200-day simple moving average of GBX 53.61. The company has a quick ratio of 1.18, a current ratio of 2.32 and a debt-to-equity ratio of 6.43. The company has a market capitalization of £86.17 million and a PE ratio of 7.22. Gem Diamonds has a 52-week low of GBX 42.36 ($0.52) and a 52-week high of GBX 79.40 ($0.98).

Gem Diamonds Company Profile (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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