Petra Diamonds Limited (PDL) PT Lowered to GBX 141

Petra Diamonds Limited (LON:PDL) had its target price reduced by equities research analysts at Panmure Gordon from GBX 145 ($1.87) to GBX 141 ($1.82) in a research report issued on Monday. The brokerage currently has a “hold” rating on the stock. Panmure Gordon’s price target would indicate a potential upside of 65.69% from the stock’s current price.

A number of other research firms have also issued reports on PDL. J P Morgan Chase & Co increased their target price 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 report on Monday, June 5th. Liberum Capital reiterated a “buy” rating and set a GBX 190 ($2.45) target price on shares of Petra Diamonds Limited in a report on Wednesday, June 28th. FinnCap reduced their target price on shares of 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. Canaccord Genuity reduced their target price on shares of Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a “buy” rating on the stock in a report on Thursday, July 20th. Finally, Investec reduced their target price on shares of Petra Diamonds Limited from GBX 110 ($1.42) to GBX 87 ($1.12) and set a “sell” rating on the stock in a report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 136.09 ($1.76).

Petra Diamonds Limited (PDL) opened at 82.30 on Monday. The company’s 50-day moving average is GBX 94.13 and its 200 day moving average is GBX 117.64. The stock’s market capitalization is GBX 433.51 million. Petra Diamonds Limited has a one year low of GBX 64.17 and a one year high of GBX 173.60.

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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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