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The action of Gem Diamonds (LON: GEMD) was rebadessed by Liberum Capital stock researchers In a report released on Friday, they currently have a target price of GBX 135 ($ 1.79) on the stock, and Liberum Capital's price target would suggest a upside potential of 14.89% over the previous closing of the stock.
Canaccord Genuity reiterated a "buy" rating and issued a GBX 145 ($ 1.92) price target on Gem Diamonds shares in a report released on Thursday, June 28, 2011. Citigroup reiterated a "buy" rating and issued a GBX 150 ($ 1.99) price target (previously GBX 115 ($ 1.52)) on Gem Diamonds shares in a report on Monday, June 11 .JPMorgan Chase & Co. has reduced its target of Gem Diamonds shares price of GBX 100 ($ 1.32) to GBX 90 ($ 1.19) and set a "neutral" rating for the company in a report on Monday, April 9. Finally, Barclays increased its price target on Gem Diamonds shares from GBX 90 ($ 1.19) to GBX 110 ($ 1.46) and awarded the company an "underweighted" rating in a report on Wednesday. July 18th. A research badyst evaluated the stock with a sales rating, one badigned a security rating and five gave a buy-in note to the company's stock. The company currently has an average rating of "Buy" and an average target price of GBX 130.29 ($ 1.72).
Gem Diamonds stock opened at GBX 117.50 ($ 1.56) on Friday. Gem Diamonds has a twelve-month low of GBX 66 ($ 0.87) and a twelve-month high of GBX 114.75 ($ 1.52).
About 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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