The Petra Diamonds Limited (PDL) Price Target Raised to GBX 190 at JPMorgan Chase & Co.

The Petra Diamonds Limited (PDL) Price Target Raised to GBX 190 at JPMorgan Chase & Co.

Several other equities research analysts have also issued reports on the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 190 ($2.44) price target on shares of Petra Diamonds Limited in a research note on Wednesday, May 10th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 185 ($2.38) price target on shares of Petra Diamonds Limited in a research note on Wednesday, May 3rd. FinnCap reaffirmed a “buy” rating and set a GBX 203 ($2.61) price target on shares of Petra Diamonds Limited in a research note on Tuesday, April 25th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 165 ($2.12) price target on shares of Petra Diamonds Limited in a research note on Monday, April 24th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 152 ($1.95) price target on shares of Petra Diamonds Limited in a research note on Monday, April 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Petra Diamonds Limited currently has an average rating of “Buy” and a consensus price target of GBX 172 ($2.21).

Petra Diamonds Limited (LON:PDL) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 170 ($2.18) to GBX 190 ($2.44) in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 49.96% from the stock’s current price.

Petra Diamonds Limited (PDL) opened at 126.332054 on Monday. The firm has a 50-day moving average price of GBX 131.36 and a 200-day moving average price of GBX 144.50. The firm’s market cap is GBX 665.44 million. Petra Diamonds Limited has a one year low of GBX 98.50 and a one year high of GBX 173.60.

In other news, insider Adonis Pouroulis sold 250,000 shares of Petra Diamonds Limited stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.71), for a total value of £332,500 ($427,103.40).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:PDL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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