Other equities analysts have also recently issued reports about the stock. Barclays PLC raised their target price on shares of Petra Diamonds Limited from GBX 145 ($1.89) to GBX 155 ($2.02) and gave the company a overweight rating in a research note on Wednesday, September 21st. FinnCap reaffirmed a buy rating and set a GBX 213 ($2.78) price target (up previously from GBX 197 ($2.57)) on shares of Petra Diamonds Limited in a report on Monday, July 25th. Investec raised their price target on Petra Diamonds Limited from GBX 157 ($2.05) to GBX 168 ($2.19) and gave the company a buy rating in a report on Tuesday, July 19th. Canaccord Genuity reaffirmed a buy rating and set a GBX 150 ($1.96) price target on shares of Petra Diamonds Limited in a report on Tuesday, July 26th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 143.46 ($1.87).
Shares of Petra Diamonds Limited (LON:PDL) traded up 2.21% on Tuesday, reaching GBX 139.00. 665,213 shares of the company were exchanged. Petra Diamonds Limited has a 12 month low of GBX 52.76 and a 12 month high of GBX 141.00. The stock has a 50 day moving average price of GBX 118.57 and a 200-day moving average price of GBX 115.95. The stock’s market capitalization is GBX 727.23 million.
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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