FinnCap Reiterates Corporate Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “corporate” rating reiterated by equities researchers at FinnCap in a research report issued on Thursday, Stock Ratings News reports. They currently have a GBX 170 ($2.85) target price on the stock. FinnCap’s price objective would suggest a potential upside of 4.36% from the company’s current price.
Petra Diamonds Limited (LON:PDL) traded down 1.33% during mid-day trading on Thursday, hitting GBX 162.90. The stock had a trading volume of 1,682,580 shares. Petra Diamonds Limited has a one year low of GBX 97.56 and a one year high of GBX 172.60. The stock’s 50-day moving average is GBX 135.5 and its 200-day moving average is GBX 122.2. The company’s market cap is £811.6 million.
A number of other firms have also recently commented on PDL. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Wednesday. They now have a GBX 163 ($2.73) price target on the stock. Separately, analysts at Westhouse Securities downgraded shares of Petra Diamonds Limited to an “add” rating in a research note on Friday, February 14th. They now have a GBX 170 ($2.85) price target on the stock, up previously from GBX 150 ($2.51). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Monday, February 3rd. They now have a GBX 170 ($2.85) price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Petra Diamonds Limited currently has an average rating of “Buy” and a consensus price target of GBX 164.17 ($2.75).
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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