Petra Diamonds Limited (LON:PDL) has received an average rating of “Buy” from the fourteen analysts that are covering the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 143.46 ($1.87).
PDL has been the topic of several analyst reports. FinnCap reiterated a “buy” rating and set a GBX 213 ($2.78) target price on shares of Petra Diamonds Limited in a report on Monday, September 19th. Citigroup Inc. downgraded Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.57) target price on the stock. in a report on Tuesday, September 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 170 ($2.22) target price on shares of Petra Diamonds Limited in a report on Tuesday. Investec downgraded Petra Diamonds Limited to a “hold” rating and dropped their target price for the company from GBX 168 ($2.19) to GBX 115 ($1.50) in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. initiated coverage on Petra Diamonds Limited in a report on Saturday, July 2nd. They set an “overweight” rating and a GBX 140 ($1.83) target price on the stock.
Petra Diamonds Limited (LON:PDL) traded up 2.39% during midday trading on Wednesday, hitting GBX 139.25. The stock had a trading volume of 1,256,191 shares. Petra Diamonds Limited has a 12-month low of GBX 52.76 and a 12-month high of GBX 141.00. The company’s market cap is GBX 728.54 million. The company has a 50-day moving average price of GBX 119.18 and a 200-day moving average price of GBX 116.12.
Petra Diamonds Limited Company Profile
Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.
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