Petra Diamonds Limited (PDL) Given Average Rating of “Buy” by Brokerages

Petra Diamonds Limited (LON:PDL) has earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 151.50 ($1.97).

A number of research analysts have recently issued reports on PDL shares. J P Morgan Chase & Co raised their price objective on Petra Diamonds Limited from GBX 170 ($2.21) to GBX 190 ($2.47) and gave the company an “overweight” rating in a research note on Monday, June 5th. Liberum Capital reissued a “buy” rating and issued a GBX 190 ($2.47) target price on shares of Petra Diamonds Limited in a research note on Wednesday, June 28th. FinnCap cut their target price on Petra Diamonds Limited from GBX 203 ($2.64) to GBX 151 ($1.97) and set a “buy” rating on the stock in a research note on Monday, July 24th. Barclays PLC restated an “overweight” rating and issued a GBX 185 ($2.41) price objective on shares of Petra Diamonds Limited in a report on Wednesday, May 3rd. Finally, Investec lowered their price objective on shares of Petra Diamonds Limited from GBX 110 ($1.43) to GBX 87 ($1.13) and set a “sell” rating for the company in a report on Thursday, June 29th.

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Shares of Petra Diamonds Limited (LON PDL) opened at 97.00 on Monday. The stock’s 50 day moving average price is GBX 103.48 and its 200 day moving average price is GBX 127.29. Petra Diamonds Limited has a one year low of GBX 90.40 and a one year high of GBX 173.60. The firm’s market capitalization is GBX 510.94 million.

In other Petra Diamonds Limited news, insider Adonis Pouroulis sold 250,000 shares of the business’s 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).

Petra Diamonds Limited Company Profile

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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