Macquarie Reiterates Outperform Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a report issued on Tuesday. They presently have a GBX 140 ($1.83) price target on the stock. Macquarie’s price target suggests a potential upside of 19.66% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Citigroup Inc. cut shares of Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.57) price target on the stock. in a research report on Tuesday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 145 ($1.89) price target on shares of Petra Diamonds Limited in a research report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 165 ($2.15) price target on shares of Petra Diamonds Limited in a research report on Monday. Panmure Gordon reaffirmed a “hold” rating and set a GBX 120 ($1.57) price target on shares of Petra Diamonds Limited in a research report on Monday. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 130 ($1.70) price target on shares of Petra Diamonds Limited in a research report on Monday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 141.92 ($1.85).
Shares of Petra Diamonds Limited (LON:PDL) opened at 119.075 on Tuesday. The company has a 50 day moving average price of GBX 115.42 and a 200-day moving average price of GBX 114.88. Petra Diamonds Limited has a 52-week low of GBX 52.77 and a 52-week high of GBX 138.00. The firm’s market cap is GBX 619.52 million.
Petra Diamonds Limited Company Profile
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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