Petra Diamonds Limited Stock Rating Reaffirmed by Numis Securities Ltd (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Tuesday, American Banking and Market News reports. They currently have a GBX 165 ($2.71) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 33.06% from the stock’s previous close.
Shares of 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 52-week low of GBX 97.56 and a 52-week high of GBX 135.00. The stock’s 50-day moving average is GBX 116.8 and its 200-day moving average is GBX 118.2. The company’s market cap is £617.8 million.
A number of other firms have also recently commented on PDL. 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. Separately, 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. Finally, analysts at Investec cut their price target on shares of Petra Diamonds Limited from GBX 152 ($2.50) to GBX 151 ($2.48) in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 160.67 ($2.64).
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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