Petra Diamonds Limited’s (PDL) Buy Rating Reaffirmed at Liberum Capital

Liberum Capital restated their buy rating on shares of Petra Diamonds Limited (LON:PDL) in a report released on Wednesday morning. The firm currently has a GBX 130 ($1.69) price objective on the stock.

A number of other research analysts also recently weighed in on the stock. FinnCap restated a buy rating and set a GBX 203 ($2.64) price target on shares of Petra Diamonds Limited in a report on Wednesday, April 19th. Barclays PLC cut their price target on shares of Petra Diamonds Limited from GBX 200 ($2.60) to GBX 185 ($2.41) and set an overweight rating on the stock in a report on Friday, April 21st. Panmure Gordon restated a hold rating and set a GBX 152 ($1.98) price target on shares of Petra Diamonds Limited in a report on Monday, April 24th. Canaccord Genuity restated a buy rating and set a GBX 165 ($2.15) price target on shares of Petra Diamonds Limited in a report on Monday, April 24th. Finally, J P Morgan Chase & Co restated an overweight rating and set a GBX 170 ($2.21) price target on shares of Petra Diamonds Limited in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 151.73 ($1.98).

Shares of Petra Diamonds Limited (LON PDL) opened at 93.55 on Wednesday. Petra Diamonds Limited has a 12-month low of GBX 90.40 and a 12-month high of GBX 173.60. The stock’s 50 day moving average price is GBX 102.48 and its 200-day moving average price is GBX 126.87. The firm’s market capitalization is GBX 492.77 million.

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In related news, insider Adonis Pouroulis sold 250,000 shares of Petra Diamonds Limited stock in a transaction on Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.73), for a total value of £332,500 ($432,999.09).

About Petra Diamonds Limited

Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.

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