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Gem Diamonds (LON: GEMD) increased its price target by Barclays badysts from GBX 90 ($ 1.19) to 110 GBX ($ 1.46) in a note issued to investors on Wednesday the company currently having an "underweight" rating on the stock, the Barclays target price indicates a bearish potential of 4.35% over the previous closing of the company.
Canaccord Genuity re-evaluated its "Speculative Buy" rating and set a GBX 120 ($ 1.59) price target on Gem Diamonds shares in a research report on Thursday, April 26. Gem Diamonds shares went from GBX 115 ($ 1.52) to GBX 135 ($ 1.79) and received a "buy" rating in a research report on Friday, June 8, 2011. Citigroup revalued its rating " buy "and set a GBX 150 ($ 1.99) price target (previously GBX 115 ($ 1.52)) on Gem Diamonds shares in a research report on Monday, June 11. Finally, JPMorgan Chase & Co. reduced its price target for the Gem Diamonds shares of GBX 100 ($ 1.32) to GBX 90 ($ 1.19) and set a "neutral" rating for the company. company in a research report on Monday 9 April. An badyst rated the stock with a sales note, one issued a holdback rating and five awarded a buy-to-action rating. The company currently has a consensual rating of "Buy" and an average price target of GBX 130.29 ($ 1.72).
LON shares: GEMD opened at GBX 115 ($ 1.52) on Wednesday. Gem Diamonds has a one year low of GBX 66 ($ 0.87) and a high of 114.75 GBX ($ 1.52) for a year.
Company Profile Gem Diamonds
Gem Diamonds Limited explores and develops diamond mines. The company owns a 70% stake in the Let mine Eng located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. It also manufactures, sells and markets rough and polished diamonds. In addition, the company provides technical, financial and management consulting services.
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