Panmure Gordon Reaffirms Hold Rating for Petra Diamonds Limited (PDL)
Panmure Gordon reiterated their hold rating on shares of Petra Diamonds Limited (LON:PDL) in a research report report published on Monday morning. They currently have a GBX 120 ($1.57) target price on the stock.
Several other equities analysts have also recently weighed in on PDL. JPMorgan Chase & Co. assumed coverage on Petra Diamonds Limited in a report on Saturday, July 2nd. They set an overweight rating and a GBX 140 ($1.83) price target for the company. Liberum Capital restated a buy rating and set a GBX 130 ($1.70) price target on shares of Petra Diamonds Limited in a report on Monday. FinnCap restated a buy rating and set a GBX 197 ($2.57) price target on shares of Petra Diamonds Limited in a report on Tuesday, May 31st. Investec cut Petra Diamonds Limited to a hold rating and cut their price target for the company from GBX 168 ($2.19) to GBX 115 ($1.50) in a report on Wednesday, July 27th. Finally, Canaccord Genuity restated a buy rating and set a GBX 150 ($1.96) price target on shares of Petra Diamonds Limited in a report on Tuesday, July 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Petra Diamonds Limited has a consensus rating of Buy and an average price target of GBX 141.92 ($1.85).
Petra Diamonds Limited (LON:PDL) opened at 119.5375 on Monday. The stock’s market capitalization is GBX 621.92 million. The stock’s 50 day moving average price is GBX 115.42 and its 200 day moving average price is GBX 114.88. Petra Diamonds Limited has a 1-year low of GBX 52.77 and a 1-year 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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