Petra Diamonds Limited (PDL) Receives Consensus Rating of “Buy” from Brokerages

Petra Diamonds Limited (LON:PDL) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 126.30 ($1.70).

Several equities analysts have recently commented on the company. J P Morgan Chase & Co restated an “overweight” rating on shares of Petra Diamonds in a research note on Wednesday, December 6th. Canaccord Genuity cut their price target on Petra Diamonds from GBX 135 ($1.82) to GBX 120 ($1.62) and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Liberum Capital restated a “buy” rating and set a GBX 115 ($1.55) price target on shares of Petra Diamonds in a research note on Friday, September 29th. Panmure Gordon restated a “hold” rating and set a GBX 141 ($1.90) price target on shares of Petra Diamonds in a research note on Monday, September 18th. Finally, Macquarie restated an “outperform” rating and set a GBX 140 ($1.88) price target on shares of Petra Diamonds in a research note on Wednesday, August 30th.

Petra Diamonds (LON:PDL) opened at GBX 75.50 ($1.02) on Friday. Petra Diamonds has a 52 week low of GBX 59.25 ($0.80) and a 52 week high of GBX 163.70 ($2.20).

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Petra Diamonds 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.

Analyst Recommendations for Petra Diamonds (LON:PDL)

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