Petra Diamonds Limited Earns “Buy” Rating from Investec (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating restated by equities researchers at Investec in a research report issued on Wednesday. They currently have a GBX 245 ($4.10) price objective on the stock. Investec’s target price points to a potential upside of 22.99% from the company’s current price.
Shares of Petra Diamonds Limited (LON:PDL) opened at 190.50 on Wednesday. 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 197.5 and a 200-day moving average of GBX 168.6. The company’s market cap is £972.1 million.
A number of other analysts have also recently weighed in on PDL. Analysts at Westhouse Securities upgraded shares of Petra Diamonds Limited to an “add” rating in a research note on Tuesday. They now have a GBX 230 ($3.84) price target on the stock, up previously from GBX 200 ($3.34). Separately, 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). Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Petra Diamonds Limited presently has an average rating of “Buy” and a consensus price target 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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