Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of Petra Diamonds from GBX 110 ($1.52) to GBX 100 ($1.38) and set an outperform rating on the stock in a research report on Monday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Petra Diamonds from GBX 100 ($1.38) to GBX 95 ($1.31) and set an overweight rating on the stock in a research report on Tuesday, February 20th. Finally, Barclays cut their price objective on shares of Petra Diamonds from GBX 118 ($1.63) to GBX 100 ($1.38) and set an overweight rating on the stock in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Petra Diamonds currently has an average rating of Buy and a consensus price target of GBX 106.11 ($1.47).
Petra Diamonds (PDL) opened at GBX 64.10 ($0.89) on Thursday. Petra Diamonds has a 1 year low of GBX 58.50 ($0.81) and a 1 year high of GBX 142.90 ($1.97). The firm has a market cap of $349.13 and a price-to-earnings ratio of -457.86.
About Petra Diamonds
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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