Petra Diamonds Limited (LON:PDL) had its price target boosted by research analysts at JPMorgan Chase & Co. from GBX 170 ($2.20) to GBX 190 ($2.46) in a research report issued on Monday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 46.60% from the company’s previous close.
Several other brokerages have also commented on PDL. Panmure Gordon reiterated a “hold” rating and issued a GBX 152 ($1.96) target price on shares of Petra Diamonds Limited in a research report on Monday, February 6th. Liberum Capital reiterated a “buy” rating and issued a GBX 190 ($2.46) target price on shares of Petra Diamonds Limited in a research report on Monday, February 20th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 165 ($2.13) target price on shares of Petra Diamonds Limited in a research report on Monday, April 24th. Barclays PLC reiterated an “overweight” rating and issued a GBX 185 ($2.39) target price on shares of Petra Diamonds Limited in a research report on Wednesday, May 3rd. Finally, FinnCap reiterated a “buy” rating and issued a GBX 203 ($2.62) target price on shares of Petra Diamonds Limited in a research report on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Petra Diamonds Limited currently has an average rating of “Buy” and an average price target of GBX 172 ($2.22).
Shares of Petra Diamonds Limited (PDL) opened at 129.62 on Monday. Petra Diamonds Limited has a 1-year low of GBX 98.50 and a 1-year high of GBX 173.60. The stock’s 50 day moving average price is GBX 131.06 and its 200 day moving average price is GBX 144.07. The stock’s market cap is GBX 682.76 million.
In related news, insider Adonis Pouroulis sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.72), for a total transaction of £332,500 ($429,642.07).
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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