Petra Diamonds Limited Given Consensus Recommendation of “Buy” by Brokerages (LON:PDL)
Shares of Petra Diamonds Limited (LON:PDL) have received an average recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 187 ($3.18).
PDL has been the subject of a number of recent research reports. Analysts at Westhouse Securities downgraded shares of Petra Diamonds Limited to a “neutral” rating in a research note on Tuesday. They now have a GBX 200 ($3.40) price target on the stock, up previously from GBX 175 ($2.98). Separately, analysts at Numis Securities Ltd raised their price target on shares of Petra Diamonds Limited from GBX 200 ($3.40) to GBX 220 ($3.74) in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Petra Diamonds Limited from GBX 180 ($3.06) to GBX 200 ($3.40) in a research note on Friday, June 13th. They now have an “outperform” rating on the stock.
Petra Diamonds Limited (LON:PDL) opened at 188.30 on Friday. Petra Diamonds Limited has a 52 week low of GBX 105.30 and a 52 week high of GBX 193.70. The stock has a 50-day moving average of GBX 166.2 and a 200-day moving average of GBX 147.7. The company’s market cap is £960.9 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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