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Gem Diamonds Limited 22.2% Potential Upside Indicated by Berenberg

Gem Diamonds Limited with EPIC/TICKER (LON:GEMD) had its stock rating noted as ‘Reiterates’ 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 their target price at 120 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.2% from today’s opening price of 98.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 10.05 points and decreased 15.3 points respectively. The 1 year high for the share price is 125 GBX while the 52 week low for the stock is 83 GBX.

Gem Diamonds Limited has a 50 day moving average of 106.49 GBX and a 200 day moving average of 113.97. There are currently 138,929,114 shares in issue with the average daily volume traded being 84,052. Market capitalisation for LON:GEMD is £136,150,531 GBP.