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Gem Diamonds Limited 17.2% Potential Upside Indicated by Berenberg

Gem Diamonds Limited using EPIC/TICKER code (LON:GEMD) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. Gem Diamonds Limited are listed in the Basic Materials sector within International Main Market. Berenberg have set a target price of 140 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.2% from today’s opening price of 119.5 GBX. Over the last 30 and 90 trading days the company share price has increased 4.5 points and decreased 4.5 points respectively. The 52 week high for the share price is currently at 125 GBX while the 52 week low for the stock is 66 GBX.

Gem Diamonds Limited has a 50 day moving average of 116.95 GBX and a 200 day moving average of 102.98. There are currently 138,737,444 shares in issue with the average daily volume traded being 138,728. Market capitalisation for LON:GEMD is £162,273,262 GBP.