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Investment analysts at Investec hoisted their price target on shares of Petra Diamonds Limited (LON:PDL) from GBX 189 ($3.13) to GBX 194 ($3.22) in a note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Investec’s target price points to a potential upside of 29.33% from the stock’s previous close.

Shares of Petra Diamonds Limited (LON:PDL) opened at 146.98 on Tuesday. Petra Diamonds Limited has a 52-week low of GBX 97.56 and a 52-week high of GBX 172.60. The stock has a 50-day moving average of GBX 154.7 and a 200-day moving average of GBX 128.2. The company’s market cap is £750.0 million.

A number of other firms have also recently commented on PDL. Analysts at Panmure Gordon raised their price target on shares of Petra Diamonds Limited from GBX 144 ($2.39) to GBX 169 ($2.80) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Tuesday, April 1st. They now have a GBX 198 ($3.28) price target on the stock. Finally, analysts at Sanlam Securities reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Thursday, March 27th. They now have a GBX 190 ($3.15) price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 178.38 ($2.96).

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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