Petra Diamonds (LON:PDL) had its price objective reduced by investment analysts at Canaccord Genuity from GBX 95 ($1.31) to GBX 90 ($1.24) in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 41.73% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Petra Diamonds from GBX 110 ($1.52) to GBX 100 ($1.38) and set an “outperform” rating for the company in a research note on Monday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Petra Diamonds from GBX 120 ($1.66) to GBX 115 ($1.59) and set an “overweight” rating for the company in a research note on Thursday, January 11th. Finally, Barclays decreased their price target on shares of Petra Diamonds from GBX 118 ($1.63) to GBX 100 ($1.38) and set an “overweight” rating for the company in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Petra Diamonds has a consensus rating of “Buy” and a consensus price target of GBX 106.11 ($1.47).
Petra Diamonds (LON PDL) opened at GBX 63.50 ($0.88) on Monday. Petra Diamonds has a 12 month low of GBX 58.50 ($0.81) and a 12 month high of GBX 145 ($2.00). The stock has a market cap of $338.12 and a P/E ratio of -453.57.
About Petra Diamonds
Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.
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