Petra Diamonds Limited (PDL) Earns “Buy” Rating from FinnCap
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Petra Diamonds Limited from GBX 140 ($1.83) to GBX 137 ($1.79) and set an overweight rating for the company in a report on Thursday, September 15th. Citigroup Inc. reiterated a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Macquarie reiterated an outperform rating and issued a GBX 140 ($1.83) price objective on shares of Petra Diamonds Limited in a report on Monday, September 5th. Canaccord Genuity increased their price objective on shares of Petra Diamonds Limited from GBX 150 ($1.96) to GBX 165 ($2.15) and gave the company a buy rating in a report on Tuesday, August 23rd. Finally, Investec cut shares of Petra Diamonds Limited to a hold rating and decreased their price objective for the company from GBX 168 ($2.19) to GBX 115 ($1.50) in a report on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 141.92 ($1.85).
Shares of 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 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.
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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