Petra Diamonds Limited (PDL) Given New GBX 139 Price Target at JPMorgan Chase & Co.
Petra Diamonds Limited (LON:PDL) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 137 ($1.79) to GBX 139 ($1.81) in a report issued on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 23.01% from the stock’s current price.
A number of other equities research analysts have also weighed in on the stock. Macquarie reiterated an “outperform” rating and set a GBX 140 ($1.83) price objective on shares of Petra Diamonds Limited in a report on Monday, September 5th. Barclays PLC reiterated an “overweight” rating and set a GBX 145 ($1.89) price objective on shares of Petra Diamonds Limited in a report on Tuesday, July 26th. FinnCap reiterated a “buy” rating and set a GBX 213 ($2.78) price objective on shares of Petra Diamonds Limited in a report on Monday. Citigroup Inc. lowered shares of Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.57) price objective for the company. in a report on Tuesday. Finally, Canaccord Genuity boosted their price target on shares of Petra Diamonds Limited from GBX 150 ($1.96) to GBX 165 ($2.15) and gave the company a “buy” rating in a report on Tuesday, August 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 144.64 ($1.89).
Petra Diamonds Limited (LON:PDL) opened at 113.00 on Wednesday. The company’s 50-day moving average is GBX 115.55 and its 200-day moving average is GBX 114.91. Petra Diamonds Limited has a 12 month low of GBX 52.76 and a 12 month high of GBX 138.00. The company’s market cap is GBX 587.91 million.
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Petra Diamonds Limited Company Profile
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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