What Next for Petra Diamonds Limited Stock After Today’s Huge Increase?

 What Next for Petra Diamonds Limited Stock After Today's Huge Increase?

The stock of Petra Diamonds Limited (LON:PDL) is a huge mover today! The stock increased 2.76% or GBX 4.28 on November 23, hitting GBX 159.38. About 1.93M shares traded hands or 15.57% up from the average. Petra Diamonds Limited (LON:PDL) has risen 20.00% since April 25, 2016 and is uptrending. It has outperformed by 14.67% the S&P500.
The move comes after 8 months positive chart setup for the GBX 834.76M company. It was reported on Nov, 23 by Barchart.com. We have GBX 172.13 PT which if reached, will make LON:PDL worth GBX 66.78 million more.

Petra Diamonds Limited (LON:PDL) Ratings Coverage

Out of 18 analysts covering Petra Diamonds Ltd (LON:PDL), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. GBX 250 is the highest target while GBX 12.90 is the lowest. The GBX 143.49 average target is -9.97% below today’s (GBX 159.38) stock price. Petra Diamonds Ltd has been the topic of 129 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained Petra Diamonds Limited (LON:PDL) on Tuesday, April 26 with “Hold” rating. Citigroup maintained Petra Diamonds Limited (LON:PDL) on Tuesday, October 25 with “Neutral” rating. The stock of Petra Diamonds Limited (LON:PDL) earned “Buy” rating by FinnCap on Wednesday, June 15. The firm has “Buy” rating given on Wednesday, May 25 by FinnCap. The firm has “Buy” rating given on Monday, February 22 by Panmure Gordon. The company was maintained on Tuesday, November 17 by Investec. Barclays Capital maintained it with “Overweight” rating and GBX 235 target price in Thursday, October 29 report. The stock of Petra Diamonds Limited (LON:PDL) has “Buy” rating given on Wednesday, July 29 by Numis Securities. The firm has “Overweight” rating given on Tuesday, September 20 by Barclays Capital. The firm earned “Buy” rating on Thursday, January 14 by Canaccord Genuity.

More news for Petra Diamonds Limited (LON:PDL) were recently published by: Moodys.com, which released: “Moody’s confirms Petra Diamonds’ B1 ratings; stable outlook” on May 04, 2016. Moodys.com‘s article titled: “Moody’s Assigns provisional (P)B2 Rating to Petra Diamonds Notes” and published on April 24, 2015 is yet another important article.

Petra Diamonds Limited is an independent diamond mining firm and supplier of rough diamonds to the international market. The company has a market cap of 834.76 million GBP. The Company’s divisions include Mining and Exploration. It has a 20.22 P/E ratio. The Mining segment includes the extraction and sale of rough diamonds from mining activities in South Africa and Tanzania.

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