Shares of Petra Diamonds Limited (LON:PDL) have been given an average recommendation of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 106.88 ($1.50).
Several analysts have commented on the stock. Royal Bank of Canada lowered shares of Petra Diamonds to a “sector performer” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 90 ($1.26) price objective on shares of Petra Diamonds in a research report on Thursday, March 8th. JPMorgan Chase reduced their target price on shares of Petra Diamonds from GBX 100 ($1.40) to GBX 95 ($1.33) and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Finally, Barclays reduced their target price on shares of Petra Diamonds from GBX 118 ($1.66) to GBX 100 ($1.40) and set an “overweight” rating for the company in a research note on Monday, January 8th.
PDL stock traded down GBX 1.25 ($0.02) during mid-day trading on Friday, hitting GBX 66.05 ($0.93). The company had a trading volume of 751,047 shares, compared to its average volume of 2,620,000. Petra Diamonds has a 12 month low of GBX 58.50 ($0.82) and a 12 month high of GBX 140.20 ($1.97).
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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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