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Gem Diamonds Limited 4.4% Potential Decrease Indicated by Berenberg

Gem Diamonds Limited with EPIC/TICKER (LON:GEMD) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today 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 28 GBX on its stock. This indicates the analyst believes there is a potential downside of -4.4% from the opening price of 29.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 34.4 points and decreased 22.3 points respectively. The 1 year high for the share price is 95.8 GBX while the year low share price is currently 27 GBX.

Gem Diamonds Limited has a 50 day moving average of 57.28 GBX and a 200 day moving average of 65.34. There are currently 138,989,448 shares in issue with the average daily volume traded being 107,576. Market capitalisation for LON:GEMD is £43,913,715 GBP.

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