Berenberg Bank Reaffirms “Buy” Rating for Petra Diamonds (LON:PDL)

Petra Diamonds (LON:PDL)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 2 ($0.03) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 14.29% from the company’s previous close.

Shares of Petra Diamonds stock opened at GBX 1.75 ($0.02) on Tuesday. Petra Diamonds has a 52-week low of GBX 1.20 ($0.02) and a 52-week high of GBX 2.74 ($0.04). The stock has a market capitalization of £169.93 million and a price-to-earnings ratio of -0.16. The company has a fifty day moving average of GBX 1.68 and a 200-day moving average of GBX 1.55. The company has a debt-to-equity ratio of 781.90, a quick ratio of 0.16 and a current ratio of 0.32.

Petra Diamonds Company Profile

Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. It holds interest in three underground producing mines, including Cullinan, Finsch, and Koffiefontein mines located in South Africa; and an open pit mine located in Williamson, Tanzania.

See Also: Trading Stocks – What are percentage gainers?

Receive News & Ratings for Petra Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petra Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.