Petra Diamonds Limited (LON:PDL) had its price objective lowered by equities researchers at FinnCap from GBX 203 ($2.64) to GBX 151 ($1.96) in a report released on Monday, July 24th. The brokerage currently has a “buy” rating on the stock. FinnCap’s price objective suggests a potential upside of 64.40% from the stock’s previous close.
Other analysts have also issued research reports about the company. Canaccord Genuity reduced their target price on Petra Diamonds Limited from GBX 165 ($2.14) to GBX 150 ($1.95) and set a “buy” rating on the stock in a research note on Thursday, July 20th. Liberum Capital reiterated a “buy” rating and issued a GBX 190 ($2.47) target price on shares of Petra Diamonds Limited in a research note on Wednesday, May 10th. Panmure Gordon reiterated a “hold” rating and issued a GBX 152 ($1.97) target price on shares of Petra Diamonds Limited in a research note on Monday, April 24th. J P Morgan Chase & Co increased their target price on Petra Diamonds Limited from GBX 170 ($2.21) to GBX 190 ($2.47) and gave the stock an “overweight” rating in a research note on Monday, June 5th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 185 ($2.40) target price on shares of Petra Diamonds Limited in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Petra Diamonds Limited currently has a consensus rating of “Buy” and an average target price of GBX 151.73 ($1.97).
Shares of Petra Diamonds Limited (PDL) traded down 0.93% during mid-day trading on Monday, hitting GBX 91.00. 921,540 shares of the company traded hands. The firm has a 50-day moving average of GBX 100.42 and a 200-day moving average of GBX 125.13. Petra Diamonds Limited has a one year low of GBX 87.81 and a one year high of GBX 173.60. The stock’s market capitalization is GBX 479.34 million.
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About Petra Diamonds Limited
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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