Petra Diamonds Limited (LON:PDL) has earned an average recommendation of “Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 127.55 ($1.68).
A number of equities analysts have issued reports on the stock. Canaccord Genuity reduced their price target on shares of Petra Diamonds Limited from GBX 135 ($1.78) to GBX 120 ($1.58) and set a “buy” rating for the company in a research report on Tuesday, September 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 160 ($2.11) price target on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. Liberum Capital reissued a “buy” rating and set a GBX 115 ($1.52) price target on shares of Petra Diamonds Limited in a research report on Friday, September 29th. Panmure Gordon reissued a “hold” rating and set a GBX 141 ($1.86) price target on shares of Petra Diamonds Limited in a research report on Monday, September 18th. Finally, Macquarie reissued an “outperform” rating and set a GBX 140 ($1.85) price target on shares of Petra Diamonds Limited in a research report on Wednesday, August 30th.
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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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