Trading Report: Today, Petra Diamonds Limited (PDL) Price Target Increased to GBX 165 by Analysts at JPMorgan Chase & Co.

Today, Petra Diamonds Limited (PDL) Price Target Increased to GBX 165 by Analysts at JPMorgan Chase & Co.

Petra Diamonds Limited (LON:PDL) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from GBX 139 ($1.74) to GBX 165 ($2.06) in a report released on Monday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 4.56% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Barclays PLC raised their price target on Petra Diamonds Limited from GBX 155 ($1.94) to GBX 168 ($2.10) and gave the company an “overweight” rating in a report on Tuesday, October 25th. Citigroup Inc. lifted their target price on Petra Diamonds Limited from GBX 120 ($1.50) to GBX 150 ($1.87) and gave the company a “neutral” rating in a research note on Tuesday, October 25th. Panmure Gordon raised Petra Diamonds Limited to a “buy” rating and lifted their target price for the company from GBX 120 ($1.50) to GBX 154 ($1.92) in a research note on Monday, October 24th. Canaccord Genuity reissued a “buy” rating and issued a GBX 165 ($2.06) target price on shares of Petra Diamonds Limited in a research note on Monday, October 24th. Finally, FinnCap reissued a “buy” rating and issued a GBX 213 ($2.66) target price on shares of Petra Diamonds Limited in a research note on Monday, October 24th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Petra Diamonds Limited presently has an average rating of “Buy” and a consensus target price of GBX 157.33 ($1.97).

Petra Diamonds Limited (LON:PDL) traded down 2.71% on Monday, reaching GBX 157.80. The company had a trading volume of 712,450 shares. Petra Diamonds Limited has a 12 month low of GBX 55.80 and a 12 month high of GBX 163.10. The stock’s market capitalization is GBX 825.59 million. The firm has a 50 day moving average price of GBX 148.12 and a 200-day moving average price of GBX 124.72.

In other Petra Diamonds Limited news, insider Jim Davidson sold 50,823 shares of Petra Diamonds Limited stock in a transaction dated Friday, October 14th. The stock was sold at an average price of GBX 1 ($0.01), for a total transaction of £508.23 ($634.97).

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