Petra Diamonds Limited (PDL) Receives Buy Rating from FinnCap

FinnCap reaffirmed their buy rating on shares of Petra Diamonds Limited (LON:PDL) in a research report report published on Monday. The firm currently has a GBX 213 ($2.57) target price on the stock.

A number of other research firms have also recently commented on PDL. Royal Bank Of Canada reiterated an outperform rating and issued a GBX 170 ($2.05) target price on shares of Petra Diamonds Limited in a research note on Tuesday, October 4th. Citigroup Inc. cut shares of Petra Diamonds Limited to a neutral rating and set a GBX 120 ($1.45) price objective for the company. in a research note on Tuesday, September 20th. Macquarie restated an outperform rating and set a GBX 140 ($1.69) price objective on shares of Petra Diamonds Limited in a research note on Monday, October 17th. Barclays PLC lifted their price objective on shares of Petra Diamonds Limited from GBX 168 ($2.03) to GBX 200 ($2.41) and gave the company an overweight rating in a research note on Monday, January 9th. Finally, Panmure Gordon upgraded shares of Petra Diamonds Limited to a buy rating and lifted their price objective for the company from GBX 120 ($1.45) to GBX 154 ($1.86) in a research note on Monday, October 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 160.67 ($1.94).

Shares of Petra Diamonds Limited (LON:PDL) traded down 2.02% during trading on Monday, hitting GBX 155.20. 1,097,276 shares of the company were exchanged. Petra Diamonds Limited has a 12 month low of GBX 65.25 and a 12 month high of GBX 173.60. The firm’s 50-day moving average price is GBX 159.12 and its 200 day moving average price is GBX 136.28. The firm’s market capitalization is GBX 811.98 million.

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In other Petra Diamonds Limited news, insider Adonis Pouroulis sold 300,000 shares of Petra Diamonds Limited stock in a transaction on Thursday, December 8th. The shares were sold at an average price of GBX 171 ($2.06), for a total transaction of £513,000 ($618,892.51).

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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