JPMorgan Chase & Co. Cuts Gem Diamonds (GEMD) Price Target to GBX 105

Gem Diamonds (LON:GEMD) had its price target decreased by JPMorgan Chase & Co. from GBX 110 ($1.44) to GBX 105 ($1.37) in a research note published on Wednesday, April 10th, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on GEMD. Canaccord Genuity reissued a buy rating and set a GBX 145 ($1.89) price objective on shares of Gem Diamonds in a research report on Thursday, January 3rd. Liberum Capital reissued a buy rating on shares of Gem Diamonds in a research report on Thursday, February 7th. Citigroup cut their price objective on Gem Diamonds from GBX 150 ($1.96) to GBX 125 ($1.63) and set a buy rating for the company in a research report on Friday, February 8th. Berenberg Bank cut their price objective on Gem Diamonds from GBX 140 ($1.83) to GBX 120 ($1.57) and set a buy rating for the company in a research report on Thursday, March 7th. Finally, BMO Capital Markets reaffirmed an underperform rating on shares of Gem Diamonds in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Gem Diamonds presently has a consensus rating of Hold and an average price target of GBX 113.33 ($1.48).

Shares of LON GEMD traded up GBX 1 ($0.01) during trading on Wednesday, hitting GBX 89.80 ($1.17). 715 shares of the company were exchanged, compared to its average volume of 174,864. Gem Diamonds has a 12-month low of GBX 83.40 ($1.09) and a 12-month high of GBX 125 ($1.63). The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 14.97. The firm has a market cap of $124.76 million and a PE ratio of 4.91.

Gem Diamonds Company Profile

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.

Featured Article: Dividend Achievers

Analyst Recommendations for Gem Diamonds (LON:GEMD)

Receive News & Ratings for Gem Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gem Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.