Petra Diamonds Limited (PDL) Earns Overweight Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their overweight rating on shares of Petra Diamonds Limited (LON:PDL) in a research report sent to investors on Thursday morning. J P Morgan Chase & Co currently has a GBX 135 ($1.82) price objective on the stock.
PDL has been the subject of a number of other research reports. Barclays PLC lowered their price target on shares of Petra Diamonds Limited from GBX 185 ($2.49) to GBX 154 ($2.07) and set an overweight rating for the company in a report on Friday, July 14th. Liberum Capital reaffirmed a buy rating and set a GBX 190 ($2.56) price objective on shares of Petra Diamonds Limited in a report on Wednesday, June 28th. Macquarie reaffirmed an outperform rating and set a GBX 140 ($1.88) price objective on shares of Petra Diamonds Limited in a report on Wednesday, August 30th. Investec decreased their price objective on Petra Diamonds Limited from GBX 110 ($1.48) to GBX 87 ($1.17) and set a sell rating on the stock in a research report on Thursday, June 29th. Finally, Panmure Gordon decreased their price objective on Petra Diamonds Limited from GBX 145 ($1.95) to GBX 141 ($1.90) and set a hold rating on the stock in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 130.36 ($1.75).
Petra Diamonds Limited (LON:PDL) opened at 88.75 on Thursday. The company’s 50-day moving average price is GBX 91.26 and its 200-day moving average price is GBX 115.52. The firm’s market capitalization is GBX 470.73 million. Petra Diamonds Limited has a 12-month low of GBX 59.25 and a 12-month high of GBX 173.60.
Petra Diamonds Limited Company Profile
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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