Petra Diamonds Limited (PDL) Given Overweight Rating at J P Morgan Chase & Co

J P Morgan Chase & Co reiterated their overweight rating on shares of Petra Diamonds Limited (LON:PDL) in a report issued on Tuesday morning. J P Morgan Chase & Co currently has a GBX 140 ($1.81) target price on the stock.

Several other analysts have also issued reports on PDL. Liberum Capital reiterated a buy rating and issued a GBX 190 ($2.45) target price on shares of Petra Diamonds Limited in a research note on Wednesday, June 28th. 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 for the company in a research note on Thursday, June 29th. Barclays PLC reduced their target price on shares of Petra Diamonds Limited from GBX 185 ($2.39) to GBX 154 ($1.99) and set an overweight rating for the company in a research note on Friday, July 14th. 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 for the company in a research note on Thursday, July 20th. Finally, 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 for the company in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 136.09 ($1.76).

Shares of Petra Diamonds Limited (LON:PDL) opened at 82.45 on Tuesday. The firm’s market cap is GBX 434.30 million. Petra Diamonds Limited has a 52 week low of GBX 64.17 and a 52 week high of GBX 173.60. The firm has a 50-day moving average of GBX 94.13 and a 200-day moving average of GBX 117.64.

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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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