Petra Diamonds Limited (LON:PDL) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 170 ($2.18) to GBX 190 ($2.44) in a report issued on Monday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 49.96% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Citigroup Inc reaffirmed a “neutral” rating and issued a GBX 160 ($2.06) price objective on shares of Petra Diamonds Limited in a research note on Monday, February 13th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 152 ($1.95) price objective on shares of Petra Diamonds Limited in a research note on Monday, February 6th. Macquarie reaffirmed an “outperform” rating and issued a GBX 190 ($2.44) price objective on shares of Petra Diamonds Limited in a research note on Monday, February 6th. FinnCap reduced their price objective on shares of Petra Diamonds Limited from GBX 213 ($2.74) to GBX 203 ($2.61) and set a “buy” rating for the company in a research note on Monday, February 20th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 190 ($2.44) price objective on shares of Petra Diamonds Limited in a research note on Monday, February 20th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 172 ($2.21).

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

Petra Diamonds Limited (LON PDL) opened at 124.90 on Monday. The company has a 50 day moving average price of GBX 131.36 and a 200 day moving average price of GBX 144.50. The stock’s market capitalization is GBX 657.90 million. Petra Diamonds Limited has a 12 month low of GBX 98.50 and a 12 month high of GBX 173.60.

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In other news, insider Adonis Pouroulis sold 250,000 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.71), for a total transaction of £332,500 ($427,103.40).

About Petra Diamonds Limited

Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.

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