Insider Selling: Petra Diamonds Limited (PDL) Insider Sells 50,823 Shares of Stock
Petra Diamonds Limited (LON:PDL) insider Jim Davidson sold 50,823 shares of the stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of GBX 1 ($0.01), for a total value of £508.23 ($619.41).
Shares of Petra Diamonds Limited (LON:PDL) opened at 133.00 on Tuesday. Petra Diamonds Limited has a 1-year low of GBX 52.76 and a 1-year high of GBX 149.38. The firm’s market capitalization is GBX 695.84 million. The stock has a 50 day moving average price of GBX 124.93 and a 200 day moving average price of GBX 117.91.
A number of brokerages have commented on PDL. Macquarie reiterated an “outperform” rating and issued a GBX 140 ($1.71) price objective on shares of Petra Diamonds Limited in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 170 ($2.07) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, October 4th. Barclays PLC raised their price objective on Petra Diamonds Limited from GBX 145 ($1.77) to GBX 155 ($1.89) and gave the stock a ” overweight” rating in a research report on Wednesday, September 21st. JPMorgan Chase & Co. raised their price objective on Petra Diamonds Limited from GBX 137 ($1.67) to GBX 139 ($1.69) and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Finally, Citigroup Inc. downgraded Petra Diamonds Limited to a “neutral” rating and set a GBX 120 ($1.46) price objective for the company. in a research report on Tuesday, September 20th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 143.46 ($1.75).
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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