Petra Diamonds Limited PT Raised to GBX 245 at Investec (PDL)
Stock analysts at Investec raised their price objective on shares of Petra Diamonds Limited (LON:PDL) from GBX 194 ($3.33) to GBX 245 ($4.20) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Investec’s target price suggests a potential upside of 25.64% from the company’s current price.
Petra Diamonds Limited (LON:PDL) opened at 194.404 on Monday. Petra Diamonds Limited has a 52-week low of GBX 105.30 and a 52-week high of GBX 204.10. The stock has a 50-day moving average of GBX 172.0 and a 200-day moving average of GBX 151.2. The company’s market cap is £992.0 million.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 198 ($3.40) price target on the stock. Separately, 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). Finally, 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Petra Diamonds Limited has a consensus rating of “Buy” and an average target price 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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