Petra Diamonds Limited (PDL) PT Lowered to GBX 160
Petra Diamonds Limited (LON:PDL) had its price target lowered by J P Morgan Chase & Co from GBX 190 ($2.42) to GBX 160 ($2.04) in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 54.59% from the stock’s previous close.
Several other research firms have also issued reports on PDL. Canaccord Genuity reissued a “buy” rating and issued a GBX 165 ($2.10) price target on shares of Petra Diamonds Limited in a research report on Tuesday, March 21st. FinnCap reaffirmed a “buy” rating and set a GBX 203 ($2.58) price objective on shares of Petra Diamonds Limited in a report on Wednesday, April 19th. Barclays PLC lowered their price objective on Petra Diamonds Limited from GBX 200 ($2.54) to GBX 185 ($2.35) and set an “overweight” rating on the stock in a research note on Friday, April 21st. Panmure Gordon reiterated a “hold” rating and issued a GBX 152 ($1.93) price objective on shares of Petra Diamonds Limited in a research note on Monday, April 24th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 190 ($2.42) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 166.20 ($2.11).
Petra Diamonds Limited (LON:PDL) traded up 3.38% on Thursday, hitting GBX 107.00. 3,561,040 shares of the stock were exchanged. Petra Diamonds Limited has a 1-year low of GBX 99.00 and a 1-year high of GBX 173.60. The company’s 50 day moving average is GBX 128.41 and its 200 day moving average is GBX 141.19. The stock’s market cap is GBX 563.61 million.
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In other Petra Diamonds Limited news, insider Adonis Pouroulis sold 250,000 shares of Petra Diamonds Limited stock in a transaction on Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.69), for a total value of £332,500 ($422,920.38).
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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