JPMorgan Chase & Co. Lowers Petra Diamonds Limited (PDL) Price Target to GBX 137
Petra Diamonds Limited (LON:PDL) had its price target dropped by equities researchers at JPMorgan Chase & Co. from GBX 140 ($1.86) to GBX 137 ($1.82) in a report released on Thursday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 20.70% from the company’s current price.
PDL has been the topic of a number of other reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Petra Diamonds Limited in a research note on Wednesday, September 14th. Macquarie reaffirmed an “outperform” rating and issued a GBX 140 ($1.86) price objective on shares of Petra Diamonds Limited in a research note on Monday, August 22nd. Canaccord Genuity lifted their price objective on Petra Diamonds Limited from GBX 150 ($2.00) to GBX 165 ($2.20) and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Investec lifted their price objective on Petra Diamonds Limited from GBX 157 ($2.09) to GBX 168 ($2.24) and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 197 ($2.62) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 146.38 ($1.95).
Shares of Petra Diamonds Limited (LON:PDL) opened at 113.50 on Thursday. The stock has a 50 day moving average price of GBX 115.91 and a 200 day moving average price of GBX 114.53. Petra Diamonds Limited has a 12-month low of GBX 52.76 and a 12-month high of GBX 138.00. The firm’s market cap is GBX 590.51 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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