Petra Diamonds Limited (PDL) Rating Reiterated by Canaccord Genuity
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued on Monday. They presently have a GBX 165 ($2.15) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 46.02% from the stock’s current price.
A number of other equities analysts also recently weighed in on PDL. JPMorgan Chase & Co. assumed coverage on Petra Diamonds Limited in a research report on Saturday, July 2nd. They set an “overweight” rating and a GBX 140 ($1.83) price target on the stock. Liberum Capital reissued a “buy” rating and set a GBX 130 ($1.70) price target on shares of Petra Diamonds Limited in a research report on Monday. FinnCap restated a “buy” rating and set a GBX 197 ($2.57) price objective on shares of Petra Diamonds Limited in a report on Tuesday, May 31st. Investec cut Petra Diamonds Limited to a “hold” rating and reduced their price objective for the stock from GBX 168 ($2.19) to GBX 115 ($1.50) in a report on Wednesday, July 27th. Finally, Macquarie restated a “neutral” rating and set a GBX 140 ($1.83) price objective on shares of Petra Diamonds Limited in a report on Monday, May 23rd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Petra Diamonds Limited presently has an average rating of “Buy” and an average price target of GBX 144.64 ($1.89).
Shares of Petra Diamonds Limited (LON:PDL) opened at 115.79 on Monday. The company’s 50-day moving average price is GBX 115.55 and its 200-day moving average price is GBX 114.91. The firm’s market capitalization is GBX 602.43 million. Petra Diamonds Limited has a 12-month low of GBX 52.76 and a 12-month high of GBX 138.00.
About Petra Diamonds Limited
Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.
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