Petra Diamonds Limited’s (PDL) Buy Rating Reiterated at Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Petra Diamonds Limited (LON:PDL) in a research note released on Monday morning. They currently have a GBX 130 ($1.75) price objective on the stock.
A number of other brokerages have also recently issued reports on PDL. Barclays PLC reaffirmed an overweight rating on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. Macquarie reiterated an outperform rating and set a GBX 140 ($1.89) price target on shares of Petra Diamonds Limited in a report on Thursday, September 14th. J P Morgan Chase & Co upped their price target on Petra Diamonds Limited from GBX 170 ($2.29) to GBX 190 ($2.56) and gave the stock an overweight rating in a report on Monday, June 5th. Canaccord Genuity cut their price target on Petra Diamonds Limited from GBX 165 ($2.22) to GBX 150 ($2.02) and set a buy rating for the company in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reiterated an outperform rating and set a GBX 140 ($1.89) price target on shares of Petra Diamonds Limited in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 135.64 ($1.83).
Shares of Petra Diamonds Limited (LON PDL) opened at 66.75 on Monday. The company’s market cap is GBX 351.60 million. Petra Diamonds Limited has a 52 week low of GBX 64.45 and a 52 week high of GBX 173.60. The company has a 50 day moving average of GBX 91.26 and a 200-day moving average of GBX 115.52.
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Petra Diamonds Limited Company Profile
Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.
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