Macquarie Reaffirms “Outperform” Rating for Petra Diamonds Limited (PDL)

Macquarie reiterated their outperform rating on shares of Petra Diamonds Limited (LON:PDL) in a report released on Tuesday morning. Macquarie currently has a GBX 140 ($1.84) target price on the stock.

A number of other equities analysts have also issued reports on the stock. Shore Capital reiterated a not rated rating on shares of Petra Diamonds Limited in a research report on Monday. Liberum Capital reiterated a buy rating and issued a GBX 115 ($1.51) target price on shares of Petra Diamonds Limited in a research report on Monday. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 135 ($1.77) target price on shares of Petra Diamonds Limited in a research report on Thursday, September 28th. Panmure Gordon upgraded shares of Petra Diamonds Limited to a buy rating and set a GBX 98 ($1.29) target price for the company in a research report on Thursday, September 28th. Finally, FinnCap reiterated a buy rating and issued a GBX 120 ($1.58) target price on shares of Petra Diamonds Limited in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Petra Diamonds Limited currently has a consensus rating of Buy and an average target price of GBX 130.36 ($1.71).

Shares of Petra Diamonds Limited (PDL) opened at 80.00 on Tuesday. Petra Diamonds Limited has a 52 week low of GBX 59.25 and a 52 week high of GBX 173.60. The firm’s market cap is GBX 424.32 million. The company has a 50 day moving average of GBX 83.22 and a 200 day moving average of GBX 108.88.

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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.

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