Petra Diamonds’ (PDL) “Overweight” Rating Reaffirmed at Barclays
PDL has been the subject of several other research reports. Canaccord Genuity reaffirmed a buy rating and set a GBX 70 ($0.91) price objective on shares of Petra Diamonds in a research note on Monday, September 17th. BMO Capital Markets reissued an outperform rating and issued a GBX 85 ($1.11) price target on shares of Petra Diamonds in a research note on Tuesday, July 10th. Royal Bank of Canada raised shares of Petra Diamonds to an outperform rating and cut their price target for the stock from GBX 80 ($1.05) to GBX 65 ($0.85) in a research note on Wednesday, July 4th. Berenberg Bank initiated coverage on shares of Petra Diamonds in a research note on Thursday, September 20th. They issued a hold rating and a GBX 40 ($0.52) price target for the company. Finally, Citigroup reissued a buy rating and issued a GBX 70 ($0.91) price target on shares of Petra Diamonds in a research note on Tuesday, September 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 80 ($1.05).
LON:PDL traded down GBX 0.32 ($0.00) during mid-day trading on Friday, hitting GBX 36.22 ($0.47). 3,341,164 shares of the stock traded hands, compared to its average volume of 2,620,000. Petra Diamonds has a 12-month low of GBX 58.50 ($0.76) and a 12-month high of GBX 140.20 ($1.83).
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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