Petra Diamonds (LON:PDL)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a research note issued on Wednesday. They presently have a GBX 70 ($0.91) target price on the stock. Canaccord Genuity’s price target points to a potential upside of 62.79% from the stock’s current price.
Several other brokerages also recently commented on PDL. Barclays reiterated an “overweight” rating on shares of Petra Diamonds in a research note on Tuesday, October 23rd. Citigroup reiterated a “buy” rating and set a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research note on Tuesday, September 18th. Royal Bank of Canada cut their target price on Petra Diamonds from GBX 65 ($0.85) to GBX 55 ($0.72) and set an “outperform” rating on the stock in a research note on Friday, August 31st. Berenberg Bank initiated coverage on Petra Diamonds in a research note on Thursday, September 20th. They set a “hold” rating and a GBX 40 ($0.52) target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a GBX 85 ($1.11) target price on shares of Petra Diamonds in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 67.86 ($0.89).
PDL traded up GBX 0.48 ($0.01) during trading on Wednesday, hitting GBX 43 ($0.56). 1,710,551 shares of the company’s stock traded hands, compared to its average volume of 2,620,000. Petra Diamonds has a 12-month low of GBX 58.50 ($0.76) and a 12-month high of GBX 140.20 ($1.83).
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. The company's principal mining properties are the Finsch and Cullinan properties located in South Africa. It also provides treasury, beneficiation, and other services.
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