Why JP Morgan Cazenove Has Just Restated Their Neutral Rating For Gem Diamonds Ltd (LON:GEMD) Shares

Gem Diamonds Limited (LON:GEMD) Logo

Gem Diamonds Ltd (LON:GEMD) Rating Reaffirmed

JP Morgan Cazenove reiterated their Neutral rating on Gem Diamonds Ltd (LON:GEMD) shards via analysts report revealed to investors on 16 August.

Gem Diamonds Limited (LON:GEMD) Ratings Coverage

Among 2 analysts covering Gem Diamonds Ltd (LON:GEMD), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Gem Diamonds Ltd has GBX 120 highest and GBX 80 lowest target. GBX 95’s average target is 31.58% above currents GBX 72.2 stock price. Gem Diamonds Ltd had 17 analyst reports since March 7, 2019 according to SRatingsIntel. The rating was maintained by JP Morgan on Friday, July 5 with “Neutral”. The rating was maintained by JP Morgan on Thursday, May 9 with “Neutral”. On Thursday, July 4 the stock rating was maintained by Barclays Capital with “Underweight”. JP Morgan maintained the stock with “Neutral” rating in Thursday, August 15 report. JP Morgan maintained Gem Diamonds Limited (LON:GEMD) on Wednesday, April 10 with “Neutral” rating. The firm has “Underweight” rating given on Friday, April 12 by Barclays Capital. The company was maintained on Thursday, March 7 by Berenberg. The firm earned “Hold” rating on Wednesday, March 27 by Berenberg.

The stock decreased 2.43% or GBX 1.8 during the last trading session, reaching GBX 72.2. About 3,147 shares traded. Gem Diamonds Limited (LON:GEMD) has 0.00% since August 16, 2018 and is . It has by 0.00% the S&P500.

Gem Diamonds Limited explores for and develops diamond mines. The company has market cap of 100.35 million GBP. The firm owns 70% interest in the Let??eng mine located in the Kingdom of Lesotho; and 100% interest in the Ghaghoo mine located in Botswana. It has a 3.95 P/E ratio. It also makes, sells, and markets rough and polished diamonds.

More notable recent Gem Diamonds Limited (LON:GEMD) news were published by: Mining.com which released: “Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola – MINING.com” on July 11, 2018, also Mining.com with their article: “Gem Diamonds finds seventh largest rock this year at Lesotho mine – MINING.com” published on November 23, 2017, Mining.com published: “Finds at Lucapa’s Lulo project jump on record mined diamonds – MINING.com” on July 05, 2018. More interesting news about Gem Diamonds Limited (LON:GEMD) were released by: Mining.com and their article: “Solid demand for large stones boosts Gem Diamonds sales – MINING.com” published on October 31, 2017 as well as Mining.com‘s news article titled: “Fifth-largest gem quality diamond in history sold for $40 million – MINING.com” with publication date: March 13, 2018.

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