Macquarie Reiterates Outperform Rating for Petra Diamonds Limited (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research note issued on Thursday. They presently have a GBX 140 ($1.81) price target on the stock. Macquarie’s price objective would suggest a potential upside of 72.63% from the stock’s current price.
Other analysts have also issued research reports about the stock. FinnCap decreased their price target on shares of Petra Diamonds Limited from GBX 203 ($2.62) to GBX 151 ($1.95) and set a “buy” rating for the company in a research note on Monday, July 24th. Canaccord Genuity decreased their price target on shares of Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a “buy” rating for the company in a research note on Thursday, July 20th. Liberum Capital restated a “buy” rating and set a GBX 130 ($1.68) price target on shares of Petra Diamonds Limited in a research note on Wednesday, August 9th. Panmure Gordon decreased their price target on shares of Petra Diamonds Limited from GBX 145 ($1.87) to GBX 141 ($1.82) and set a “hold” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 140 ($1.81) price target on shares of Petra Diamonds Limited in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 136.09 ($1.76).
Shares of Petra Diamonds Limited (LON:PDL) traded up 3.58% during midday trading on Thursday, hitting GBX 84.00. 9,786,950 shares of the stock traded hands. Petra Diamonds Limited has a 52 week low of GBX 64.17 and a 52 week high of GBX 173.60. The stock’s market capitalization is GBX 442.46 million. The firm has a 50-day moving average price of GBX 92.84 and a 200-day moving average price of GBX 116.98.
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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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