Barclays PLC Raises Petra Diamonds Limited (PDL) Price Target to GBX 155
Petra Diamonds Limited (LON:PDL) had its price objective increased by investment analysts at Barclays PLC from GBX 145 ($1.89) to GBX 155 ($2.02) in a research report issued to clients and investors on Wednesday. The brokerage presently has a ” overweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 37.17% from the company’s current price.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Petra Diamonds Limited in a report on Saturday, July 2nd. They set an “overweight” rating and a GBX 140 ($1.83) target price on the stock. Citigroup Inc. lowered shares of Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.57) target price on the stock. in a report on Tuesday. Macquarie reissued an “outperform” rating and set a GBX 140 ($1.83) target price on shares of Petra Diamonds Limited in a report on Tuesday. Panmure Gordon reissued a “hold” rating and set a GBX 120 ($1.57) target price on shares of Petra Diamonds Limited in a report on Monday. Finally, FinnCap reissued a “buy” rating and set a GBX 197 ($2.57) target price on shares of Petra Diamonds Limited in a report on Tuesday, May 31st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 145.36 ($1.90).
Petra Diamonds Limited (LON:PDL) opened at 118.038 on Wednesday. The company’s market cap is GBX 614.12 million. The company has a 50-day moving average of GBX 115.55 and a 200-day moving average of GBX 114.91. Petra Diamonds Limited has a 52-week low of GBX 52.77 and a 52-week high of GBX 138.00.
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About Petra Diamonds Limited
Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.
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