Trade Report: The Royal Bank Of Canada Reiterates “Outperform” Rating for Petra Diamonds Limited (PDL)

The Royal Bank Of Canada Reiterates “Outperform” Rating for Petra Diamonds Limited (PDL)

Petra Diamonds Limited (LON:PDL)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a GBX 170 ($2.22) target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.45% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Petra Diamonds Limited in a research report on Saturday, July 2nd. They issued an “overweight” rating and a GBX 140 ($1.83) price objective for the company. Barclays PLC reissued an “overweight” rating and issued a GBX 145 ($1.89) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Panmure Gordon restated a “hold” rating and set a GBX 120 ($1.57) target price on shares of Petra Diamonds Limited in a research note on Monday, September 19th. Investec cut shares of Petra Diamonds Limited to a “hold” rating and cut their target price for the stock from GBX 168 ($2.19) to GBX 115 ($1.50) in a research note on Wednesday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Petra Diamonds Limited in a research note on Monday, September 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 143.46 ($1.87).

Shares of Petra Diamonds Limited (LON:PDL) traded up 5.37% during mid-day trading on Tuesday, reaching GBX 147.25. 1,862,779 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 120.65 and a 200-day moving average price of GBX 116.52. The stock’s market cap is GBX 770.39 million. Petra Diamonds Limited has a 12 month low of GBX 52.76 and a 12 month high of GBX 149.38.

10/09/royal-bank-of-canada-reiterates-outperform-rating-for-petra-diamonds-limited-pdl.html

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