Petra Diamonds Limited (PDL) Earns “Outperform” Rating from Macquarie
Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating restated by research analysts at Macquarie in a research report issued to clients and investors on Monday. They currently have a GBX 140 ($1.73) price target on the stock. Macquarie’s price target would indicate a potential upside of 3.90% from the company’s current price.
Other analysts have also recently issued reports about the stock. Citigroup Inc. restated a “buy” rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. FinnCap restated a “buy” rating and set a GBX 213 ($2.64) target price on shares of Petra Diamonds Limited in a report on Monday, September 19th. Barclays PLC raised their target price on shares of Petra Diamonds Limited from GBX 145 ($1.79) to GBX 155 ($1.92) and gave the stock a ” overweight” rating in a report on Wednesday, September 21st. JPMorgan Chase & Co. reduced their target price on shares of Petra Diamonds Limited from GBX 140 ($1.73) to GBX 137 ($1.70) and set an “overweight” rating for the company in a report on Thursday, September 15th. Finally, Canaccord Genuity raised their target price on shares of Petra Diamonds Limited from GBX 150 ($1.86) to GBX 165 ($2.04) and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 143.46 ($1.78).
Shares of Petra Diamonds Limited (LON:PDL) opened at 136.68 on Monday. The firm’s market capitalization is GBX 715.09 million. Petra Diamonds Limited has a 12-month low of GBX 52.76 and a 12-month high of GBX 149.38. The stock’s 50 day moving average price is GBX 124.18 and its 200-day moving average price is GBX 117.57.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/petra-diamonds-limited-pdl-earns-outperform-rating-from-macquarie.html
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.
Receive News & Ratings for Petra Diamonds Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petra Diamonds Limited and related companies with MarketBeat.com's FREE daily email newsletter.