Petra Diamonds Limited’s “Corporate” Rating Reaffirmed at FinnCap (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “corporate” rating reaffirmed by equities researchers at FinnCap in a research report issued on Tuesday, StockRatingsNetwork reports. They currently have a GBX 183 ($3.00) target price on the stock. FinnCap’s price target would suggest a potential upside of 35.66% from the company’s current price.
PDL has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Tuesday, January 14th. They now have a GBX 170 ($2.79) price target on the stock. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Petra Diamonds Limited has an average rating of “Buy” and an average price target of GBX 160.67 ($2.64).
Shares of Petra Diamonds Limited (LON:PDL) traded up 7.92% during mid-day trading on Tuesday, hitting GBX 134.90. 923,499 shares of the company’s stock traded hands. Petra Diamonds Limited has a one year low of GBX 97.56 and a one year high of GBX 135.00. The stock has a 50-day moving average of GBX 117.5 and a 200-day moving average of GBX 118.3. The company’s market cap is £672.1 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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