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Gem Diamonds Ltd (LON:GEMD) target price lowered to 170.00GBX, reported today by JP Morgan Cazenove

Displaying a price of 0.00GBX, Gem Diamonds Ltd (LON:GEMD) traded 0.00% even on the day. With the last close down 2.70% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the date range. The company has been tracking to a 50-day moving average of 126.01GBX and two hundred day moving average of 126.41GBX. 165,372 shares of the stock traded hands, up from ann avg. trading volume of 157,991

In a report announced on 9/15/2016 JP Morgan Cazenove bumped down the target price of Gem Diamonds Ltd (LON:GEMD) from 175GBX to 170GBX indicating a possible upsideof 0.00%.

Previously on 8/31/2016, finnCap released a statement about Gem Diamonds Ltd(LON:GEMD) dropped the target price from 216.00GBX to 212.00GBX. At the time, this suggested an upside of 0.71%.

Performance Graphic:

Gem Diamonds Ltd (LON:GEMD)

Also covering Gem Diamonds Ltd’s target price, a total of 9 brokerages have reported on Gem Diamonds Ltd. The average target price is 2.33GBX with two analysts rating the stock a strong buy, four analysts rating the company a buy, two analysts rating the stock a hold, 0 rating the stock to underperform, and finally one firm rating the stock as sell.

Gem Diamonds Ltd has a price-earnings of 17 with a 52 week low of 94.75GBX and a 52 week high of 148.00GBX. GEMD’s total market value is presently 0.0 GBX.

More About Gem Diamonds Ltd (LON:GEMD)

Gem Diamonds Limited is a United Kingdom-based diamond producer, which is engaged in the exploration and development of diamond mines. The Company operates diamond mining operations in Lesotho and Botswana. The Company’s geographical segments include Lesotho, which is involved in diamond mining activities; Botswana, which is engaged in diamond mining activities; Belgium, which is involved in the sales, marketing and manufacturing of diamonds, and British Virgin Islands (BVI), Republic of South Africa (RSA) and the United Kingdom, which provides technical and administrative services. The Company owns the Letseng mine in Lesotho and the Ghaghoo mine in Botswana. The Company’s subsidiaries include Gem Diamond Technical Services (Proprietary) Limited, Gem Equity Group Limited, Letseng Diamonds (Proprietary) Limited, Gem Diamonds Botswana (Proprietary) Limited, BDI Mining Corp, and Gem Diamonds Australia Holdings and Gem Diamonds Investments Limited.

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