Investec Trims Petra Diamonds Limited (LON:PDL) Target Price to GBX 87

Petra Diamonds Limited (LON:PDL) had its price target lowered by equities researchers at Investec from GBX 110 ($1.43) to GBX 87 ($1.13) in a note issued to investors on Thursday, June 29th. The firm currently has a “sell” rating on the stock. Investec’s price target points to a potential downside of 9.09% from the stock’s previous close.

Several other research firms also recently weighed in on PDL. J P Morgan Chase & Co raised their target price on shares of Petra Diamonds Limited from GBX 170 ($2.21) to GBX 190 ($2.48) and gave the company an “overweight” rating in a report on Monday, June 5th. Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Petra Diamonds Limited in a report on Monday, April 24th. Barclays PLC restated an “overweight” rating and set a GBX 185 ($2.41) target price on shares of Petra Diamonds Limited in a report on Wednesday, May 3rd. FinnCap restated a “buy” rating and set a GBX 203 ($2.64) target price on shares of Petra Diamonds Limited in a report on Tuesday, April 25th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 152 ($1.98) target price on shares of Petra Diamonds Limited in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Petra Diamonds Limited has an average rating of “Buy” and an average target price of GBX 157.18 ($2.05).

Shares of Petra Diamonds Limited (PDL) traded down 4.30% during mid-day trading on Thursday, reaching GBX 95.70. 2,174,135 shares of the company traded hands. The stock’s 50-day moving average is GBX 109.30 and its 200-day moving average is GBX 131.26. Petra Diamonds Limited has a 52 week low of GBX 95.20 and a 52 week high of GBX 173.60. The company’s market capitalization is GBX 504.09 million.

COPYRIGHT VIOLATION WARNING: “Investec Trims Petra Diamonds Limited (LON:PDL) Target Price to GBX 87” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.chaffeybreeze.com/2017/07/29/petra-diamonds-limited-lonpdl-pt-lowered-to-gbx-87-at-investec-updated-updated-updated.html.

In related news, insider Adonis Pouroulis sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.73), for a total value of £332,500 ($433,168.32).

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.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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.

Latest News

Leave a Reply