Royal Bank Of Canada Reiterates “Outperform” Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a GBX 170 ($2.22) target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.45% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Petra Diamonds Limited in a research report on Saturday, July 2nd. They issued an “overweight” rating and a GBX 140 ($1.83) price objective for the company. Barclays PLC reissued an “overweight” rating and issued a GBX 145 ($1.89) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Panmure Gordon restated a “hold” rating and set a GBX 120 ($1.57) target price on shares of Petra Diamonds Limited in a research note on Monday, September 19th. Investec cut shares of Petra Diamonds Limited to a “hold” rating and cut their target price for the stock from GBX 168 ($2.19) to GBX 115 ($1.50) in a research note on Wednesday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Petra Diamonds Limited in a research note on Monday, September 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 143.46 ($1.87).
Shares of Petra Diamonds Limited (LON:PDL) traded up 5.37% during mid-day trading on Tuesday, reaching GBX 147.25. 1,862,779 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 120.65 and a 200-day moving average price of GBX 116.52. The stock’s market cap is GBX 770.39 million. Petra Diamonds Limited has a 12 month low of GBX 52.76 and a 12 month high of GBX 149.38.
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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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