Panmure Gordon Reiterates Hold Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “hold” rating reaffirmed by analysts at Panmure Gordon in a research note issued on Monday. They presently have a GBX 120 ($1.57) price objective on the stock. Panmure Gordon’s price target points to a potential upside of 6.19% from the stock’s current price.
A number of other equities analysts have also recently issued reports on PDL. Macquarie restated a “neutral” rating and issued a GBX 140 ($1.83) price objective on shares of Petra Diamonds Limited in a research report on Monday, May 23rd. FinnCap restated a “buy” rating and issued a GBX 197 ($2.57) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, May 25th. JPMorgan Chase & Co. assumed coverage on shares of Petra Diamonds Limited in a research report on Saturday, July 2nd. They set an “overweight” rating and a GBX 140 ($1.83) price target on the stock. Investec boosted their price target on shares of 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. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 145 ($1.89) price target on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 144.64 ($1.89).
Shares of 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 1-year low of GBX 52.76 and a 1-year high of GBX 138.00. The stock’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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