Panmure Gordon Reiterates “Buy” Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating restated by research analysts at Panmure Gordon in a research report issued to clients and investors on Thursday. They currently have a GBX 154 ($1.92) target price on the stock. Panmure Gordon’s target price points to a potential upside of 5.26% from the stock’s current price.
Several other research firms have also commented on PDL. Barclays PLC reiterated an “overweight” rating on shares of Petra Diamonds Limited in a research note on Thursday, November 10th. Citigroup Inc. boosted their price target on Petra Diamonds Limited from GBX 120 ($1.50) to GBX 150 ($1.87) and gave the company a “neutral” rating in a research report on Tuesday, October 25th. JPMorgan Chase & Co. boosted their price target on Petra Diamonds Limited from GBX 139 ($1.74) to GBX 165 ($2.06) and gave the company an “overweight” rating in a research report on Monday, November 7th. Canaccord Genuity reissued a “buy” rating and set a GBX 165 ($2.06) price target on shares of Petra Diamonds Limited in a research report on Monday, October 24th. Finally, FinnCap reissued a “buy” rating and set a GBX 213 ($2.66) price target on shares of Petra Diamonds Limited in a research report on Monday, October 24th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 157.33 ($1.97).
Shares of Petra Diamonds Limited (LON:PDL) opened at 146.955 on Thursday. The stock’s 50 day moving average price is GBX 145.49 and its 200-day moving average price is GBX 123.40. The stock’s market cap is GBX 768.85 million. Petra Diamonds Limited has a 52 week low of GBX 54.55 and a 52 week high of GBX 160.50.
In related news, insider Jim Davidson sold 50,823 shares of the business’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of GBX 1 ($0.01), for a total value of £508.23 ($634.97).
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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