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By Renee Jackson
Petra Diamonds (LON: PDL) has been upgraded by the Royal Bank of Canada to a "The company currently has a price target GBX 65 (0, $ 87) on the stock, down from its previous price target of 80 GBX ($ 1.07) .The Royal Bank of Canada price target indicates a upside potential of 18 , 31% of the current price of the company
A number of other research badysts have recently published reports on the action: Canaccord Genuity has reevaluated its purchase price and issued a GBX 90 ($ 1.20) price target on Petra Diamonds shares Research Report Thursday, March 8, 2007. In a research report released on Monday, April 23, Shore Capital re-evaluated its "unrated" rating. on Petra Diamonds shares JPMorgan Chase & Co. lowered its price target for GBX 95's Petra Diamonds ($ 1.26) to 90 GBX ($ 1.20) and set an "eight overwrite" on the stock in a research report on Monday, April 9th. Finally, Liberum Capital downgraded Petra Diamonds shares to a "hold" rating in a research report on Friday, June 8. An badyst rated the stock with a note of reserve and seven issued a note of purchase to the company. The company currently has a consensual rating of "Buy" and a consensus price target of GBX 102.25 ($ 1.36).
LON PDL shares opened at GBX 54.89 ($ 0.73) on Wednesday. Petra Diamonds has a 52-week low of GBX 58.50 ($ 0.78) and a 52-week high of GBX 140.20 ($ 1.87).
About Petra Diamonds
Petra Diamonds Limited is engaged in the extraction, exploration, processing, sorting and sale of rough diamonds in South Africa, Tanzania and New Zealand. in Botswana. The main mining properties of the company are the Finsch and Cullinan properties located in South Africa.
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