Barclays Lowers Petra Diamonds (PDL) Price Target to GBX 57

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Petra Diamonds (LON:PDL) had its price target lowered by equities researchers at Barclays from GBX 65 ($0.85) to GBX 57 ($0.74) in a report issued on Thursday. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 28.09% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Petra Diamonds in a report on Tuesday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a report on Thursday, January 3rd. Berenberg Bank began coverage on shares of Petra Diamonds in a report on Thursday, September 20th. They issued a “hold” rating and a GBX 40 ($0.52) target price on the stock. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 66.71 ($0.87).

LON PDL opened at GBX 44.50 ($0.58) on Thursday. Petra Diamonds has a one year low of GBX 58.50 ($0.76) and a one year high of GBX 140.20 ($1.83).

Petra Diamonds Company Profile

Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. The company's principal mining properties are the Finsch and Cullinan properties located in South Africa. It also provides treasury, beneficiation, and other services.

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Analyst Recommendations for Petra Diamonds (LON:PDL)

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