Petra Diamonds Limited (LON:PDL) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 137 ($1.79) to GBX 139 ($1.81) in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 23.01% from the stock’s previous close.
Several other equities analysts have also recently issued reports on PDL. FinnCap reiterated a “buy” rating and set a GBX 197 ($2.57) price target on shares of Petra Diamonds Limited in a research report on Wednesday, May 25th. 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. 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. Canaccord Genuity reiterated a “buy” rating and set a GBX 150 ($1.96) price target on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 140 ($1.83) price target on shares of Petra Diamonds Limited in a research report on Monday, August 22nd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Petra Diamonds Limited currently has a consensus rating of “Buy” and an average price target of GBX 144.64 ($1.89).
Petra Diamonds Limited (LON:PDL) opened at 113.00 on Wednesday. The firm’s 50 day moving average is GBX 115.55 and its 200 day moving average is 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 company’s market cap is GBX 587.91 million.
About Petra Diamonds Limited
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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