Petra Diamonds Limited (PDL) Receives Average Recommendation of “Buy” from Analysts
Shares of Petra Diamonds Limited (LON:PDL) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 77.14 ($1.01).
A number of analysts recently commented on PDL shares. Panmure Gordon upgraded Petra Diamonds to a “buy” rating in a research report on Friday, July 6th. Citigroup reiterated a “buy” rating and set a GBX 70 ($0.91) price objective on shares of Petra Diamonds in a research report on Tuesday, September 18th. Royal Bank of Canada dropped their price objective on Petra Diamonds from GBX 65 ($0.85) to GBX 55 ($0.72) and set an “outperform” rating for the company in a research report on Friday, August 31st. Barclays dropped their price objective on Petra Diamonds from GBX 70 ($0.91) to GBX 65 ($0.85) and set an “overweight” rating for the company in a research report on Tuesday, July 24th. Finally, Berenberg Bank started coverage on Petra Diamonds in a research report on Thursday, September 20th. They set a “hold” rating and a GBX 40 ($0.52) price objective for the company.
Shares of LON PDL opened at GBX 37.78 ($0.49) on Thursday. Petra Diamonds has a 52-week low of GBX 58.50 ($0.76) and a 52-week 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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