Barclays PLC Increases Petra Diamonds Limited (PDL) Price Target to GBX 155
Petra Diamonds Limited (LON:PDL) had its price target hoisted by research analysts at Barclays PLC from GBX 145 ($1.89) to GBX 155 ($2.02) in a report released on Wednesday. The brokerage currently has a ” overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 37.17% from the stock’s current price.
A number of other equities research analysts also recently issued reports on the company. Macquarie restated an “outperform” rating and set a GBX 140 ($1.83) price objective on shares of Petra Diamonds Limited in a research report on Monday, September 5th. FinnCap restated a “buy” rating and set a GBX 213 ($2.78) price objective on shares of Petra Diamonds Limited in a research report on Monday. Citigroup Inc. downgraded Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.57) price objective on the stock. in a research report on Tuesday. Canaccord Genuity upped their price objective on Petra Diamonds Limited from GBX 150 ($1.96) to GBX 165 ($2.15) and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Petra Diamonds Limited from GBX 140 ($1.83) to GBX 137 ($1.79) and set an “overweight” rating on the stock in a research report on Thursday, September 15th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Petra Diamonds Limited has an average rating of “Buy” and an average target price of GBX 145.36 ($1.90).
Shares of Petra Diamonds Limited (LON:PDL) opened at 117.788 on Wednesday. The company’s 50 day moving average price is GBX 115.55 and its 200 day moving average price is GBX 114.91. Petra Diamonds Limited has a 52-week low of GBX 52.77 and a 52-week high of GBX 138.00. The company’s market capitalization is GBX 612.82 million.
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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