Petra Diamonds Limited Rating Increased to Add at Westhouse Securities (PDL)
Petra Diamonds Limited (LON:PDL) was upgraded by equities research analysts at Westhouse Securities to an “add” rating in a research note issued to investors on Tuesday. The firm currently has a GBX 230 ($3.84) target price on the stock, up from their previous target price of GBX 200 ($3.34). Westhouse Securities’ target price points to a potential upside of 15.46% from the stock’s previous close.
Shares of Petra Diamonds Limited (LON:PDL) opened at 192.50 on Tuesday. 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 197.6 and its 200-day moving average is GBX 168.2. The company’s market cap is £982.3 million.
A number of other firms have also recently commented on PDL. Analysts at RBC Capital reiterated an “outperform” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 250 ($4.18) price target on the stock, up previously from GBX 240 ($4.01). Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 255 ($4.26) price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 215.36 ($3.60).
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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