Petra Diamonds Limited (PDL) Given Outperform Rating at Royal Bank Of Canada
Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued on Tuesday. They currently have a GBX 170 ($2.22) price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 24.31% from the company’s previous close.
Several other research firms have also issued reports on PDL. Investec lowered shares of Petra Diamonds Limited to a “hold” rating and decreased their price target for the stock from GBX 168 ($2.19) to GBX 115 ($1.50) in a research report on Wednesday, July 27th. FinnCap restated a “buy” rating and issued a GBX 213 ($2.78) price target (up previously from GBX 197 ($2.57)) on shares of Petra Diamonds Limited in a research report on Monday, July 25th. Macquarie restated an “outperform” rating and issued a GBX 140 ($1.83) price target on shares of Petra Diamonds Limited in a research report on Monday, September 5th. Canaccord Genuity restated a “buy” rating and issued a GBX 150 ($1.96) price target on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 145 ($1.89) price target on shares of Petra Diamonds Limited in a research 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. The company currently has an average rating of “Buy” and a consensus price target of GBX 143.46 ($1.87).
Shares of Petra Diamonds Limited (LON:PDL) opened at 136.75 on Tuesday. The firm’s 50-day moving average price is GBX 118.10 and its 200-day moving average price is GBX 115.82. The stock’s market capitalization is GBX 715.46 million. Petra Diamonds Limited has a one year low of GBX 52.76 and a one 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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