FinnCap Increases Petra Diamonds Limited Price Target to GBX 263 (PDL)
Analysts at FinnCap increased their target price on shares of Petra Diamonds Limited (LON:PDL) from GBX 180 ($2.98) to GBX 263 ($4.35) in a research report issued to clients and investors on Tuesday. The firm currently has a “corporate” rating on the stock. FinnCap’s price target would suggest a potential upside of 45.05% from the company’s current price.
Petra Diamonds Limited (LON:PDL) traded down 1.64% during mid-day trading on Tuesday, hitting GBX 179.60. 320,630 shares of the company’s stock traded hands. Petra Diamonds Limited has a 1-year low of GBX 105.30 and a 1-year high of GBX 220.865. The stock has a 50-day moving average of GBX 196.6 and a 200-day moving average of GBX 169.9. The company’s market cap is £916.5 million.
A number of other analysts have also recently weighed in on PDL. Analysts at Investec reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Wednesday, August 20th. They now have a GBX 245 ($4.05) price target on the stock. Separately, analysts at Westhouse Securities upgraded shares of Petra Diamonds Limited to an “add” rating in a research note on Tuesday, August 19th. They now have a GBX 230 ($3.81) price target on the stock, up previously from GBX 200 ($3.31). Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Petra Diamonds Limited in a research note on Monday, August 18th. They now have a GBX 250 ($4.14) price target on the stock, up previously from GBX 240 ($3.97). One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 219.33 ($3.63).
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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