Petra Diamonds Limited (LON:PDL) Price Target Cut to GBX 154

Petra Diamonds Limited (LON:PDL) had its price objective reduced by equities research analysts at Barclays PLC from GBX 185 ($2.42) to GBX 154 ($2.01) in a research report issued to clients and investors on Friday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s target price would suggest a potential upside of 48.94% from the company’s previous close.

Several other brokerages have also recently issued reports on PDL. J P Morgan Chase & Co increased their target price on shares of Petra Diamonds Limited from GBX 170 ($2.22) to GBX 190 ($2.48) and gave the stock an “overweight” rating in a report on Monday, June 5th. Canaccord Genuity reiterated a “buy” rating and set a GBX 165 ($2.15) target price on shares of Petra Diamonds Limited in a report on Monday, April 24th. FinnCap reiterated a “buy” rating and set a GBX 203 ($2.65) target price on shares of Petra Diamonds Limited in a report on Tuesday, April 25th. Panmure Gordon reiterated a “hold” rating and set a GBX 152 ($1.98) target price on shares of Petra Diamonds Limited in a report on Monday, April 24th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 190 ($2.48) target price on shares of Petra Diamonds Limited in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 163.27 ($2.13).

Shares of Petra Diamonds Limited (LON:PDL) opened at 106.30 on Friday. The company’s market cap is GBX 559.93 million. Petra Diamonds Limited has a 1-year low of GBX 98.10 and a 1-year high of GBX 173.60. The company’s 50-day moving average is GBX 125.18 and its 200 day moving average is GBX 138.71.

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In related news, insider Adonis Pouroulis sold 250,000 shares of Petra Diamonds Limited stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.74), for a total value of £332,500 ($434,186.47).

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.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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