Petra Diamonds Limited (PDL) Receives Average Recommendation of “Buy” from Analysts

Shares of Petra Diamonds Limited (LON:PDL) have earned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 127.55 ($1.68).

PDL has been the subject of a number of analyst reports. Barclays PLC decreased their price objective on Petra Diamonds Limited from GBX 185 ($2.43) to GBX 154 ($2.03) and set an “overweight” rating for the company in a research note on Friday, July 14th. Canaccord Genuity decreased their price objective on Petra Diamonds Limited from GBX 165 ($2.17) to GBX 150 ($1.97) and set a “buy” rating for the company in a research note on Thursday, July 20th. FinnCap decreased their price objective on Petra Diamonds Limited from GBX 203 ($2.67) to GBX 151 ($1.99) and set a “buy” rating for the company in a research note on Monday, July 24th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 160 ($2.10) price objective on shares of Petra Diamonds Limited in a research note on Tuesday, July 25th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 130 ($1.71) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, August 9th.

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Petra Diamonds Limited (LON PDL) traded down GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 71.50 ($0.94). The stock had a trading volume of 1,489,768 shares, compared to its average volume of 2,470,000. Petra Diamonds Limited has a one year low of GBX 59.25 ($0.78) and a one year high of GBX 173.60 ($2.28).

About Petra Diamonds Limited

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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