Petra Diamonds Limited (PDL) Price Target Cut to GBX 120

Petra Diamonds Limited (LON:PDL) had its price objective cut by investment analysts at FinnCap from GBX 151 ($1.95) to GBX 120 ($1.55) in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. FinnCap’s target price suggests a potential upside of 33.41% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Macquarie restated an “outperform” rating and set a GBX 140 ($1.81) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, August 30th. Liberum Capital restated a “buy” rating and set a GBX 130 ($1.68) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 160 ($2.07) price objective on shares of Petra Diamonds Limited in a research note on Tuesday, July 25th. Barclays PLC restated an “overweight” rating on shares of Petra Diamonds Limited in a research note on Tuesday, July 25th. Finally, Canaccord Genuity dropped their price objective on Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a “buy” rating on the stock in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Petra Diamonds Limited has an average rating of “Buy” and an average target price of GBX 144.36 ($1.86).

Petra Diamonds Limited (LON:PDL) opened at 89.95 on Monday. The company’s 50-day moving average is GBX 95.46 and its 200-day moving average is GBX 118.93. The firm’s market capitalization is GBX 473.80 million. Petra Diamonds Limited has a one year low of GBX 87.85 and a one year high of GBX 173.60.

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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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