Petra Diamonds Limited’s “Buy” Rating Reiterated at Canaccord Genuity (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Monday. They currently have a GBX 255 ($4.26) price objective on the stock. Canaccord Genuity’s target price indicates a potential upside of 34.21% from the stock’s previous close.
Shares of Petra Diamonds Limited (LON:PDL) opened at 193.60 on Monday. Petra Diamonds Limited has a 52-week low of GBX 105.30 and a 52-week high of GBX 220.865. The stock’s 50-day moving average is GBX 197.2 and its 200-day moving average is GBX 167.3. The company’s market cap is £987.9 million.
A number of other analysts have also recently weighed in on PDL. Analysts at Liberum Capital reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 200 ($3.34) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “sell” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 171 ($2.86) price target on the stock. Finally, 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 ($3.34) price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 208.90 ($3.49).
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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