Petra Diamonds (PDL) Given Buy Rating at Canaccord Genuity
Petra Diamonds (LON:PDL)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research note issued on Tuesday. They presently have a GBX 110 ($1.47) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 71.88% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 130 ($1.73) price target on shares of Petra Diamonds in a research note on Wednesday, August 9th. FinnCap boosted their target price on shares of Petra Diamonds from GBX 120 ($1.60) to GBX 130 ($1.73) and gave the stock a “buy” rating in a research report on Monday, October 23rd. Panmure Gordon reissued a “hold” rating and issued a GBX 141 ($1.88) target price on shares of Petra Diamonds in a research report on Monday, September 18th. Macquarie reissued an “outperform” rating and issued a GBX 140 ($1.87) target price on shares of Petra Diamonds in a research report on Thursday, September 14th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 135 ($1.80) target price on shares of Petra Diamonds in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 126.64 ($1.69).
Petra Diamonds (LON:PDL) remained flat at $GBX 64 ($0.85) during trading on Tuesday. The company’s stock had a trading volume of 2,309,032 shares, compared to its average volume of 1,830,000. Petra Diamonds has a 1 year low of GBX 59.25 ($0.79) and a 1 year high of GBX 173.60 ($2.31).
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Petra Diamonds 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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