FinnCap Reiterates Buy Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reaffirmed by equities researchers at FinnCap in a report released on Monday. They presently have a GBX 213 ($2.78) price target on the stock. FinnCap’s price objective suggests a potential upside of 88.50% from the stock’s current price.
PDL has been the subject of a number of other research reports. Citigroup Inc. reissued a “buy” rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Macquarie reissued an “outperform” rating and issued a GBX 140 ($1.83) target price on shares of Petra Diamonds Limited in a report on Monday, September 5th. Canaccord Genuity raised their target price on Petra Diamonds Limited from GBX 150 ($1.96) to GBX 165 ($2.15) and gave the company a “buy” rating in a report on Tuesday, August 23rd. JPMorgan Chase & Co. reduced their target price on Petra Diamonds Limited from GBX 140 ($1.83) to GBX 137 ($1.79) and set an “overweight” rating for the company in a report on Thursday, September 15th. Finally, Investec raised their price target on Petra Diamonds Limited from GBX 157 ($2.05) to GBX 168 ($2.19) and gave the company a “buy” rating in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 144.64 ($1.89).
Petra Diamonds Limited (LON:PDL) opened at 115.79 on Monday. The firm has a 50-day moving average of GBX 115.55 and a 200-day moving average of GBX 114.91. Petra Diamonds Limited has a 52-week low of GBX 52.76 and a 52-week high of GBX 138.00. The firm’s market cap is GBX 602.43 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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