Diamonds are a trader's best friend, analysts at Peel Hunt have suggested, with the broker slapping a 'buy' recommendation on Petra Diamonds after its first quarter trading update yesterday. While the group's first quarter revenues were down four per cent year on year at $97.6m, they came in 18 per cent above expectations. Analysts said the group was "well prepared to weather continuing market weakness" and set a target price of 88p.

PLUS500

P 1,450 1,400 1,400 24 Oct 1,350 1,300 1,250 18 Oct 19 Oct 20 Oct 23 Oct 24 Oct

Online trading firm Plus500 impressed analysts with a positive third quarter trading update yesterday. The group said it still expects annual ebitda to come in at $300m, in line with recently upgraded market expectations. Analysts at Peel Hunt said the "stock remains incredibly cheap and is proving it can deliver good profitability in periods of lower volatility". They say 'buy' with a target price of 2,260p.

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