Liberum Capital restated their sell rating on shares of Petra Diamonds (LON:PDL) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also weighed in on PDL. Barclays reduced their price objective on shares of Petra Diamonds from GBX 28 ($0.37) to GBX 26 ($0.34) and set an overweight rating for the company in a research note on Tuesday, July 23rd. Royal Bank of Canada reiterated a sector performer rating on shares of Petra Diamonds in a research note on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Petra Diamonds from GBX 35 ($0.46) to GBX 30 ($0.39) and set a neutral rating for the company in a research note on Thursday, September 12th. Bank of America reiterated a neutral rating on shares of Petra Diamonds in a research note on Tuesday, October 8th. Finally, Berenberg Bank upgraded shares of Petra Diamonds to a hold rating and lifted their price objective for the company from GBX 8 ($0.10) to GBX 9 ($0.12) in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Petra Diamonds presently has a consensus rating of Hold and a consensus price target of GBX 32 ($0.42).
Shares of LON:PDL traded down GBX 0.21 ($0.00) during mid-day trading on Monday, reaching GBX 7.35 ($0.10). The company had a trading volume of 14,790,120 shares, compared to its average volume of 2,620,000. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 236.46. The firm has a market cap of $63.60 million and a price-to-earnings ratio of -0.28. The company’s 50-day moving average price is GBX 7.68 and its 200-day moving average price is GBX 15.33. Petra Diamonds has a one year low of GBX 6.18 ($0.08) and a one year high of GBX 46.10 ($0.60).
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.
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