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Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 163 ($2.68) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 31.45% from the company’s current price.

PDL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Tuesday. They now have a GBX 165 ($2.71) price target on the stock. Separately, analysts at FinnCap reiterated a “corporate” rating on shares of Petra Diamonds Limited in a research note to investors on Tuesday. They now have a GBX 183 ($3.00) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Monday. They now have a GBX 150 ($2.46) price target on the stock. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 160.67 ($2.64).

Petra Diamonds Limited (LON:PDL) traded up 1.22% during mid-day trading on Tuesday, hitting GBX 124.00. 1,675,238 shares of the company’s stock traded hands. Petra Diamonds Limited has a 1-year low of GBX 97.56 and a 1-year high of GBX 135.00. The stock has a 50-day moving average of GBX 116.8 and a 200-day moving average of GBX 118.2. The company’s market cap is £617.8 million.

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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