Petra Diamonds Limited’s (PDL) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Petra Diamonds Limited (LON:PDL) in a research report released on Tuesday morning. Barclays PLC currently has a GBX 145 ($1.89) price objective on the stock.
A number of other research firms have also commented on PDL. FinnCap reaffirmed a buy rating and set a GBX 213 ($2.78) target price on shares of Petra Diamonds Limited in a report on Monday. Investec lowered shares of Petra Diamonds Limited to a hold rating and decreased their price target for the company from GBX 168 ($2.19) to GBX 115 ($1.50) in a report on Wednesday, July 27th. JPMorgan Chase & Co. started coverage on shares of Petra Diamonds Limited in a report on Saturday, July 2nd. They issued an overweight rating and a GBX 140 ($1.83) price target for the company. Panmure Gordon reissued a hold rating and issued a GBX 120 ($1.57) price target on shares of Petra Diamonds Limited in a report on Monday. Finally, Citigroup Inc. reissued a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 145.36 ($1.90).
Shares of Petra Diamonds Limited (LON:PDL) opened at 117.25 on Tuesday. The stock’s 50 day moving average price is GBX 115.55 and its 200 day moving average price is GBX 114.91. Petra Diamonds Limited has a 1-year low of GBX 52.76 and a 1-year high of GBX 138.00. The company’s market capitalization is GBX 610.02 million.
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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