Petra Diamonds Limited’s (PDL) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Petra Diamonds Limited (LON:PDL) in a report issued on Monday morning. The firm currently has a GBX 140 ($1.81) price target on the stock.

Several other research analysts also recently commented on the company. J P Morgan Chase & Co lifted their target price on Petra Diamonds Limited from GBX 170 ($2.20) to GBX 190 ($2.45) and gave the stock an overweight rating in a report on Monday, June 5th. FinnCap cut their target price on Petra Diamonds Limited from GBX 203 ($2.62) to GBX 151 ($1.95) and set a buy rating on the stock in a report on Monday, July 24th. Liberum Capital reissued a buy rating and issued a GBX 190 ($2.45) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, June 28th. Barclays PLC reissued an overweight rating on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. Finally, Investec lowered their price objective on Petra Diamonds Limited from GBX 110 ($1.42) to GBX 87 ($1.12) and set a sell rating for the company in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 138.82 ($1.79).

Shares of Petra Diamonds Limited (LON PDL) opened at 82.20 on Monday. Petra Diamonds Limited has a one year low of GBX 64.17 and a one year high of GBX 173.60. The firm has a 50 day moving average price of GBX 94.38 and a 200 day moving average price of GBX 118.07. The company’s market capitalization is GBX 432.98 million.

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Petra Diamonds Limited Company Profile

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.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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