Petra Diamonds Limited’s (PDL) Overweight Rating Reaffirmed at Barclays PLC

Barclays PLC restated their overweight rating on shares of Petra Diamonds Limited (LON:PDL) in a research report sent to investors on Tuesday, July 25th.

Other research analysts have also recently issued reports about the company. FinnCap decreased their price objective on Petra Diamonds Limited from GBX 203 ($2.64) to GBX 151 ($1.96) and set a buy rating on the stock in a report on Monday, July 24th. Canaccord Genuity cut their target price on Petra Diamonds Limited from GBX 165 ($2.14) to GBX 150 ($1.95) and set a buy rating on the stock in a research report on Thursday, July 20th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 170 ($2.21) target price on shares of Petra Diamonds Limited in a research report on Tuesday, April 25th. Liberum Capital reissued a buy rating and issued a GBX 190 ($2.47) target price on shares of Petra Diamonds Limited in a research report on Wednesday, May 10th. Finally, Investec cut their target price on Petra Diamonds Limited from GBX 110 ($1.43) to GBX 87 ($1.13) and set a sell rating on the stock in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Petra Diamonds Limited currently has a consensus rating of Buy and a consensus price target of GBX 151.73 ($1.97).

Shares of Petra Diamonds Limited (PDL) traded down 0.60% on Tuesday, reaching GBX 91.30. The company’s stock had a trading volume of 1,203,097 shares. The company’s 50-day moving average is GBX 100.09 and its 200 day moving average is GBX 124.89. Petra Diamonds Limited has a 12-month low of GBX 87.81 and a 12-month high of GBX 173.60. The company’s market capitalization is GBX 480.92 million.

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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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