Panmure Gordon Reaffirms Hold Rating for Petra Diamonds Limited (PDL)
Panmure Gordon reissued their hold rating on shares of Petra Diamonds Limited (LON:PDL) in a research report sent to investors on Monday morning. The brokerage currently has a GBX 120 ($1.57) price objective on the stock.
Several other research analysts have also commented on PDL. FinnCap reissued a buy rating and set a GBX 213 ($2.78) price objective (up previously from GBX 197 ($2.57)) on shares of Petra Diamonds Limited in a report on Monday, July 25th. Investec boosted their price objective on Petra Diamonds Limited from GBX 157 ($2.05) to GBX 168 ($2.19) and gave the stock a buy rating in a report on Tuesday, July 19th. Canaccord Genuity reissued a buy rating and set a GBX 150 ($1.96) price objective on shares of Petra Diamonds Limited in a report on Tuesday, July 26th. Citigroup Inc. reissued a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Finally, Liberum Capital reissued a buy rating and set a GBX 130 ($1.70) price objective on shares of Petra Diamonds Limited in a report on Monday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 141.92 ($1.85).
Shares of Petra Diamonds Limited (LON:PDL) opened at 119.5375 on Monday. The firm’s 50-day moving average is GBX 115.42 and its 200-day moving average is 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 621.92 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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