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Petra Diamonds Limited 12.1% Potential Upside Indicated by JP Morgan Cazenove

Petra Diamonds Limited using EPIC/TICKER code LON:PDL had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Petra Diamonds Limited are listed in the Basic Materials sector within International Main Market. JP Morgan Cazenove have set a target price of 170 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.1% from the opening price of 151.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.4 points and increased 2.8 points respectively.

 
Petra Diamonds Limited LON:PDL has a 50 day moving average of 151.29 GBX and the 200 Day Moving Average price is recorded at 138.85 GBX. The 52 week high for the stock is 173.6 GBX while the year low share price is currently 83.25 GBX. There are currently 529,601,346 shares in issue with the average daily volume traded being 1,483,365. Market capitalisation for LON:PDL is £784,339,626 GBP.

 

Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. The Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania.

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