Petra Diamonds Limited (LON:PDL) had its target price trimmed by Panmure Gordon from GBX 145 ($1.87) to GBX 141 ($1.82) in a research note published on Monday. The brokerage currently has a hold rating on the stock.
Other analysts have also recently issued research reports about the company. Barclays PLC restated an overweight rating on shares of Petra Diamonds Limited in a report on Tuesday, July 25th. J P Morgan Chase & Co lifted their price target on Petra Diamonds Limited from GBX 170 ($2.20) to GBX 190 ($2.45) and gave the company an overweight rating in a report on Monday, June 5th. Canaccord Genuity lowered their price target on Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a buy rating for the company in a report on Thursday, July 20th. Liberum Capital restated a buy rating and issued a GBX 130 ($1.68) price target on shares of Petra Diamonds Limited in a report on Wednesday, August 9th. Finally, FinnCap lowered their price target on Petra Diamonds Limited from GBX 151 ($1.95) to GBX 120 ($1.55) and set a buy rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 138.82 ($1.79).
Shares of Petra Diamonds Limited (LON PDL) opened at 82.50 on Monday. The stock’s market cap is GBX 434.56 million. Petra Diamonds Limited has a one year low of GBX 64.17 and a one year high of GBX 173.60. The company has a 50 day moving average of GBX 94.38 and a 200-day moving average of GBX 118.07.
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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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