Petra Diamonds (PDL) Given “Buy” Rating at Canaccord Genuity
Canaccord Genuity reaffirmed their buy rating on shares of Petra Diamonds (LON:PDL) in a research note released on Tuesday. Canaccord Genuity currently has a GBX 110 ($1.47) target price on the stock.
A number of other research analysts also recently issued reports on PDL. Liberum Capital restated a buy rating and set a GBX 115 ($1.54) price target on shares of Petra Diamonds in a research note on Friday, September 29th. J P Morgan Chase & Co restated an overweight rating and set a GBX 135 ($1.81) price target on shares of Petra Diamonds in a research note on Thursday, September 28th. Panmure Gordon upgraded Petra Diamonds to a buy rating and set a GBX 98 ($1.31) price target on the stock in a research note on Thursday, September 28th. Macquarie restated an outperform rating and set a GBX 140 ($1.87) price target on shares of Petra Diamonds in a research note on Tuesday, October 10th. Finally, Shore Capital restated a not rated rating on shares of Petra Diamonds in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 126.64 ($1.70).
Petra Diamonds (LON:PDL) opened at GBX 70 ($0.94) on Tuesday. Petra Diamonds has a 12 month low of GBX 59.25 ($0.79) and a 12 month high of GBX 173.60 ($2.32).
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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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