Petra Diamonds Limited Stock Rating Reaffirmed by Citigroup Inc. (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday, ARN reports. They currently have a GBX 157 ($2.52) price objective on the stock. Citigroup Inc.’s price target points to a potential upside of 34.88% from the stock’s previous close.
Petra Diamonds Limited (LON:PDL) traded up 2.23% on Monday, hitting GBX 119.00. 103,533 shares of the company’s stock traded hands. Petra Diamonds Limited has a 52 week low of GBX 97.56 and a 52 week high of GBX 135.00. The stock has a 50-day moving average of GBX 124. and a 200-day moving average of GBX 117.5. The company’s market cap is £606.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Friday, September 27th. They now have a GBX 160 ($2.57) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Tuesday, September 17th. They now have a GBX 160 ($2.57) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Monday, September 16th. They now have a GBX 158 ($2.53) price target on the stock. Ten equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of GBX 165.22 ($2.65).
Petra Diamonds Limited (LON:PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.
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