Petra Diamonds Limited (PDL) Given New GBX 120 Price Target at Canaccord Genuity
Petra Diamonds Limited (LON:PDL) had its target price lowered by stock analysts at Canaccord Genuity from GBX 135 ($1.74) to GBX 120 ($1.55) in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 42.86% from the company’s current price.
Several other research analysts have also commented on PDL. J P Morgan Chase & Co lifted their price objective on shares of Petra Diamonds Limited from GBX 170 ($2.20) to GBX 190 ($2.45) and gave the stock an “overweight” rating in a research note on Monday, June 5th. FinnCap dropped their price objective 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. Liberum Capital reaffirmed a “buy” rating and set a GBX 190 ($2.45) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, June 28th. Barclays PLC reaffirmed an “overweight” rating on shares of Petra Diamonds Limited in a research note on Tuesday, July 25th. Finally, Investec dropped their price objective on shares of Petra Diamonds Limited from GBX 110 ($1.42) to GBX 87 ($1.12) and set a “sell” rating for the company in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 136.09 ($1.76).
Petra Diamonds Limited (PDL) traded up 3.58% during midday trading on Tuesday, reaching GBX 84.00. 9,786,950 shares of the company were exchanged. Petra Diamonds Limited has a 52 week low of GBX 64.45 and a 52 week high of GBX 173.60. The company has a 50-day moving average of GBX 92.39 and a 200 day moving average of GBX 116.75. The firm’s market capitalization is GBX 442.46 million.
ILLEGAL ACTIVITY WARNING: This piece was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/17/petra-diamonds-limited-pdl-given-new-gbx-120-price-target-at-canaccord-genuity.html.
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.
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.