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Gem Diamonds Limited 5.5% Potential Decrease Indicated by Barclays Capital

Gem Diamonds Limited using EPIC/TICKER code (LON:GEMD) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Barclays Capital. Gem Diamonds Limited are listed in the Basic Materials sector within International Main Market. Barclays Capital have set a target price of 110 GBX on its stock. This indicates the analyst believes there is a potential downside of -5.5% from the opening price of 116.45 GBX. Over the last 30 and 90 trading days the company share price has decreased 7.55 points and increased 18.45 points respectively. The 1 year high stock price is 125 GBX while the year low share price is currently 66 GBX.

Gem Diamonds Limited has a 50 day moving average of 117.69 GBX and the 200 Day Moving Average price is recorded at 94.27. There are currently 736,893,568 shares in issue with the average daily volume traded being 158,585. Market capitalisation for LON:GEMD is £161,019,589 GBP.