Petra Diamonds Limited Given “Buy” Rating at Citigroup Inc. (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a GBX 198 ($3.40) price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 2.59% from the stock’s previous close.
Shares of Petra Diamonds Limited (LON:PDL) traded down 0.10% during mid-day trading on Monday, hitting GBX 193.00. The stock had a trading volume of 549,966 shares. Petra Diamonds Limited has a one year low of GBX 105.30 and a one year high of GBX 204.10. The stock has a 50-day moving average of GBX 173.5 and a 200-day moving average of GBX 152.. The company’s market cap is £984.9 million.
PDL has been the subject of a number of other recent research reports. Analysts at Westhouse Securities downgraded shares of Petra Diamonds Limited to a “neutral” rating in a research note on Tuesday, June 24th. They now have a GBX 200 ($3.43) price target on the stock, up previously from GBX 175 ($3.00). Separately, analysts at Numis Securities Ltd raised their price target on shares of Petra Diamonds Limited from GBX 200 ($3.43) to GBX 220 ($3.77) 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 ($3.09) to GBX 200 ($3.43) in a research note on Friday, June 13th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Petra Diamonds Limited has a consensus rating of “Buy” and a consensus price target of GBX 190.92 ($3.27).
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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