Petra Diamonds Limited (PDL) Downgraded by Citigroup Inc.
Citigroup Inc. downgraded shares of Petra Diamonds Limited (LON:PDL) to a neutral rating in a research report sent to investors on Tuesday. They currently have GBX 120 ($1.57) price objective on the stock.
Other equities analysts have also recently issued reports about the company. FinnCap reaffirmed a buy rating and issued a GBX 213 ($2.78) price objective (up from GBX 197 ($2.57)) on shares of Petra Diamonds Limited in a research report on Monday, July 25th. Investec upped their price objective on Petra Diamonds Limited from GBX 157 ($2.05) to GBX 168 ($2.19) and gave the company a buy rating in a research report on Tuesday, July 19th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 150 ($1.96) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Finally, Liberum Capital reaffirmed a buy rating and issued a GBX 130 ($1.70) price objective on shares of Petra Diamonds Limited in a research report on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 141.92 ($1.85).
Petra Diamonds Limited (LON:PDL) opened at 124.75 on Tuesday. Petra Diamonds Limited has a 52-week low of GBX 52.76 and a 52-week high of GBX 138.00. The company’s 50-day moving average price is GBX 115.57 and its 200 day moving average price is GBX 114.92. The stock’s market capitalization is GBX 649.04 million.
About Petra Diamonds Limited
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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