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Petra Diamonds Ltd (LON:PDL) target price raised to 139.00GBX, reported today by JP Morgan Cazenove

Petra Diamonds Ltd (LON:PDL) had its target price increased to 139GBX by JP Morgan Cazenove in an issued report released Tuesday September 20 2016. The new target price implies a possible remote upside the bussiness’ previous stock close price.

On 9/19/2016, Canaccord Genuity released a statement on Petra Diamonds Ltd(LON:PDL) upped the target price at 165.00GBX that suggested an upside of 0.45%.

Having a price of 0.00GBX, Petra Diamonds Ltd (LON:PDL) traded 0.44% higher on the day. With the last stock price down 1.60% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. The company has logged a 50-day moving average of 115.52GBX and 200-day average of 114.84GBX. Trading volume was was down over the average, with 272,684 shares of PDL changing hands under the typical 1,038,230 shares.

Recent Performance Graphic:

Petra Diamonds Ltd (LON:PDL)

Petra Diamonds Ltd has a 52 week low of 52.76GBX and a one-year high of 138.00GBX with a price-earnings ratio of 42 and has a market cap of 0.0 GBX.

Also covering Petra Diamonds Ltd’s price target, a total of 17 equity analysts have issued a report on the company. The consensus target stock price is 1.90GBX with eight firms rating the company a strong buy, six analysts rating the company a buy, three analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 analystsrating the company as sell.

More About Petra Diamonds Ltd (LON:PDL)

Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana. It has interests in five producing mines: Finsch, Cullinan, Koffiefontein and Kimberley Underground, all of which are located in South Africa, and Williamson, which is located in Tanzania. Finsch covers an area of approximately 18 hectares, Cullinan covers an area of approximately 32 hectares and Koffiefontein covers an area of approximately 11 hectares. The Kimberley Underground operation consists of three kimberlite pipe mines: Bultfontein, Dutoitspan and Wesselton, and with a total area of approximately 30 hectares. Williamson is an open pit operation based upon approximately 146 hectare Mwadui kimberlite pipe.

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