Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reaffirmed by Macquarie in a research report issued on Monday. They presently have a GBX 140 ($1.71) target price on the stock. Macquarie’s price objective indicates a potential upside of 3.70% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. FinnCap reissued a “buy” rating and set a GBX 197 ($2.40) target price on shares of Petra Diamonds Limited in a research report on Tuesday, June 21st. JPMorgan Chase & Co. started coverage on shares of Petra Diamonds Limited in a research report on Saturday, July 2nd. They set an “overweight” rating and a GBX 140 ($1.71) target price for the company. Investec increased their target price on shares of Petra Diamonds Limited from GBX 157 ($1.91) to GBX 168 ($2.05) and gave the stock a “buy” rating in a research report on Tuesday, July 19th. Barclays PLC reissued an “overweight” rating and set a GBX 145 ($1.77) target price on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 150 ($1.83) target price on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Five equities 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 a consensus rating of “Buy” and a consensus price target of GBX 143.46 ($1.75).
Shares of Petra Diamonds Limited (LON:PDL) opened at 135.20 on Monday. 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 is GBX 125.04 and its 200 day moving average is GBX 118.12. The stock’s market cap is GBX 707.35 million.
In other news, insider Jim Davidson sold 50,823 shares of the stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of GBX 1 ($0.01), for a total transaction of £508.23 ($619.41).
Petra Diamonds Limited Company Profile
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.
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