Several other analysts also recently weighed in on PDL. JPMorgan Chase & Co. assumed coverage on Petra Diamonds Limited in a report on Saturday, July 2nd. They issued an overweight rating and a GBX 140 ($1.71) target price for the company. Liberum Capital reissued a buy rating and issued a GBX 130 ($1.58) target price on shares of Petra Diamonds Limited in a report on Monday, September 19th. Investec downgraded Petra Diamonds Limited to a hold rating and reduced their target price for the company from GBX 168 ($2.05) to GBX 115 ($1.40) in a report on Wednesday, July 27th. Canaccord Genuity reissued a buy rating and issued a GBX 150 ($1.83) target price on shares of Petra Diamonds Limited in a report on Tuesday, July 26th. Finally, Citigroup Inc. reissued a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 143.46 ($1.75).
Shares of Petra Diamonds Limited (LON:PDL) opened at 136.00 on Monday. The firm’s market capitalization is GBX 711.53 million. The firm has a 50-day moving average price of GBX 124.93 and a 200 day moving average price of GBX 117.91. Petra Diamonds Limited has a one year low of GBX 52.76 and a one year high of GBX 149.38.
In other Petra Diamonds Limited news, insider Jim Davidson sold 50,823 shares of the stock in a transaction on Friday, October 14th. The stock was sold at an average price of GBX 1 ($0.01), for a total transaction of £508.23 ($619.41).
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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