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Petra Diamonds Limited 13.8% Potential Upside Indicated by JP Morgan Cazenove

Petra Diamonds Limited with EPIC/TICKER 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 165 GBX on its stock. This would imply the analyst believes there is now a potential upside of 13.8% from the opening price of 145 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.5 points and increased 29 points respectively.

 
Petra Diamonds Limited LON:PDL has a 50 day moving average of 133.77 GBX and a 200 Day Moving Average share price is recorded at 118.28 GBX. The 52 week high for the share price is currently at 158.6 GBX while the year low share price is currently 52.76 GBX. There are currently 527,576,623 shares in issue with the average daily volume traded being 1,829,572. Market capitalisation for LON:PDL is £779,230,656 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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