Petra Diamonds Limited (LON: PDL)‘s stock had its “buy” rating reaffirmed by equities researchers at Bank of America in a research report issued on Thursday, Stock Ratings Network reports. They currently have a GBX 170 ($2.59) price objective on the stock. Bank of America’s price target would suggest a potential upside of 42.86% from the company’s current price.
Shares of Petra Diamonds Limited (LON: PDL) opened at 116.60 on Thursday. Petra Diamonds Limited has a 52 week low of GBX 96.00 and a 52 week high of GBX 133.90. The stock’s 50-day moving average is currently GBX 107.0. The company’s market cap is £590.7 million.
PDL has been the subject of a number of other recent research reports. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Monday. They now have a GBX 151 ($2.30) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Friday, June 21st. Finally, analysts at Citigrooup reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note to investors on Thursday, June 13th. They now have a GBX 151 ($2.30) price target on the stock.
Ten equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of GBX 160.13 ($2.44).
Petra Diamonds Limited (LON: PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.