Investec Reiterates “Buy” Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reiterated by Investec in a research note issued on Tuesday. They currently have a GBX 245 ($4.16) target price on the stock. Investec’s price objective indicates a potential upside of 25.00% from the stock’s previous close.
PDL has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 171 ($2.90) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 200 ($3.40) 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 Monday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 199.45 ($3.39).
Shares of Petra Diamonds Limited (LON:PDL) traded down 7.66% during mid-day trading on Tuesday, hitting GBX 200.00. The stock had a trading volume of 4,125,061 shares. Petra Diamonds Limited has a 52-week low of GBX 105.30 and a 52-week high of GBX 220.865. The stock has a 50-day moving average of GBX 191.7 and a 200-day moving average of GBX 161.5. The company’s market cap is £1.021 billion.
Petra Diamonds Limited (LON:PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.