Petra Diamonds Limited (PDL) Given New GBX 130 Price Target at J P Morgan Chase & Co
Petra Diamonds Limited (LON:PDL) had its price objective reduced by J P Morgan Chase & Co from GBX 135 ($1.78) to GBX 130 ($1.72) in a research report sent to investors on Tuesday morning. They currently have an overweight rating on the stock.
Several other equities analysts have also commented on the stock. FinnCap increased their price objective on shares of Petra Diamonds Limited from GBX 120 ($1.58) to GBX 130 ($1.72) and gave the company a buy rating in a research report on Monday. Liberum Capital reaffirmed a buy rating and issued a GBX 115 ($1.52) price objective on shares of Petra Diamonds Limited in a research report on Monday. Macquarie reaffirmed an outperform rating and issued a GBX 140 ($1.85) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, October 10th. Shore Capital reaffirmed a not rated rating on shares of Petra Diamonds Limited in a research report on Monday, October 9th. Finally, Panmure Gordon raised shares of Petra Diamonds Limited to a buy rating and set a GBX 98 ($1.29) price objective for the company in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 127.55 ($1.68).
Petra Diamonds Limited (PDL) opened at 80.25 on Tuesday. The stock’s market capitalization is GBX 425.64 million. The firm has a 50-day moving average of GBX 80.11 and a 200 day moving average of GBX 105.89. Petra Diamonds Limited has a one year low of GBX 59.25 and a one year high of GBX 173.60.
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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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