Petra Diamonds Limited’s (PDL) “Outperform” Rating Reiterated at Macquarie
A number of other research analysts have also recently commented on the company. J P Morgan Chase & Co boosted their price objective on Petra Diamonds Limited from GBX 170 ($2.20) to GBX 190 ($2.46) and gave the stock an overweight rating in a research note on Monday, June 5th. FinnCap reduced their price objective on Petra Diamonds Limited from GBX 203 ($2.63) to GBX 151 ($1.95) and set a buy rating on the stock in a research note on Monday, July 24th. Liberum Capital restated a buy rating and set a GBX 190 ($2.46) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, June 28th. Barclays PLC restated an overweight rating on shares of Petra Diamonds Limited in a research note on Tuesday, July 25th. Finally, Investec reduced their price objective on Petra Diamonds Limited from GBX 110 ($1.42) to GBX 87 ($1.13) and set a sell rating on the stock in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Petra Diamonds Limited has an average rating of Buy and an average target price of GBX 147.18 ($1.90).
Petra Diamonds Limited (LON PDL) opened at 92.40 on Wednesday. The stock’s market capitalization is GBX 486.71 million. Petra Diamonds Limited has a 12 month low of GBX 87.85 and a 12 month high of GBX 173.60. The company’s 50-day moving average price is GBX 97.08 and its 200 day moving average price is GBX 120.95.
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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