Petra Diamonds Limited (PDL) Earns Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of Petra Diamonds Limited (LON:PDL) in a research note published on Monday. The brokerage currently has a GBX 140 ($1.81) price target on the stock.
Several other research firms have also weighed in on PDL. Barclays PLC reissued an overweight rating on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. J P Morgan Chase & Co raised their target price on Petra Diamonds Limited from GBX 170 ($2.20) to GBX 190 ($2.45) and gave the company an overweight rating in a research note on Monday, June 5th. Canaccord Genuity reduced their target price on Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a buy rating for the company in a research note on Thursday, July 20th. Liberum Capital restated a buy rating and issued a GBX 130 ($1.68) target price on shares of Petra Diamonds Limited in a research note on Wednesday, August 9th. Finally, Panmure Gordon reduced their target price on Petra Diamonds Limited from GBX 145 ($1.87) to GBX 141 ($1.82) and set a hold rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Petra Diamonds Limited presently has a consensus rating of Buy and an average target price of GBX 136.09 ($1.76).
Petra Diamonds Limited (LON:PDL) opened at 82.25 on Monday. The stock’s 50 day moving average price is GBX 93.17 and its 200 day moving average price is GBX 117.23. Petra Diamonds Limited has a 52-week low of GBX 64.17 and a 52-week high of GBX 173.60. The firm’s market capitalization is GBX 433.25 million.
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About Petra Diamonds Limited
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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