Gem Diamonds Limited 86.9% Potential Upside Indicated by finnCap

Paterniano Del Favero
Luglio 25, 2017

Liberum Capital reiterated a "buy" rating and issued a GBX 190 ($2.48) target price on shares of Petra Diamonds Limited in a report on Wednesday, May 10th. Royal Bank Of Canada lowered shares of Gem Diamonds Limited to an underperform rating and cut their target price for the stock from GBX 110 ($1.43) to GBX 80 ($1.04) in a research report on Friday, March 24th.

ILLEGAL ACTIVITY NOTICE: "FinnCap Lowers Gem Diamonds Limited (LON:GEMD) Price Target to GBX 150" was reported by Transcript Daily and is owned by of Transcript Daily. Barclays PLC reiterated an "overweight" rating and set a GBX 185 ($2.41) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, May 3rd.

Several other research analysts also recently weighed in on PDL. The average twelve-month price objective among brokers that have covered the stock in the a year ago is GBX 113.71 ($1.48).

Petra Diamonds Limited (PDL) traded down 6.38% during trading on Thursday, hitting GBX 102.80. There are now 138,206,163 shares in issue with the average daily volume traded being 64,914. The firm's 50-day moving average is GBX 1.49 and its 200 day moving average is GBX 1.53. The stock's market cap is GBX 5.50 million. Gem Diamonds Limited has a one year low of GBX 80.00 and a one year high of GBX 135.00.

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In other Petra Diamonds Limited news, insider Adonis Pouroulis sold 250,000 shares of the business's stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.73), for a total transaction of £332,500 ($433,168.32).

Gem Diamonds Limited (LON:GEMD) has been given a consensus rating of "Hold" by the eight brokerages that are covering the company, MarketBeat reports. The Company holds exploration licenses in Botswana. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania.

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