Homebuilder
P 65 17 Oct 53.23 60 55 50
Diamond miner and supplier Petra continued to suffer the effects of lower market prices in the second tender, reporting sales 49 per cent lower than in the first tender. Yet Peel Hunt analysts predict "ongoing two-month sales moratorium will help clear midstream inventory and build price support moving forward, resulting in improved sales revenues" in the third tender. They suggest buying at a target price of 88p.
(c) 2023 City A.M., source