Petra Diamonds Limited’s (PDL) Overweight Rating Reiterated at Barclays PLC
PDL has been the subject of a number of other reports. Canaccord Genuity reiterated a buy rating and set a GBX 165 ($2.06) price objective on shares of Petra Diamonds Limited in a research report on Monday, September 19th. Macquarie reissued an outperform rating and set a GBX 140 ($1.75) target price on shares of Petra Diamonds Limited in a report on Monday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Petra Diamonds Limited from GBX 139 ($1.74) to GBX 165 ($2.06) and gave the stock an overweight rating in a report on Monday, November 7th. Liberum Capital reissued a buy rating and set a GBX 130 ($1.62) target price on shares of Petra Diamonds Limited in a report on Monday, September 19th. Finally, Citigroup Inc. reissued a buy rating on shares of Petra Diamonds Limited in a report on Wednesday, September 14th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Petra Diamonds Limited currently has a consensus rating of Buy and an average target price of GBX 157.33 ($1.97).
Shares of Petra Diamonds Limited (LON:PDL) opened at 148.40 on Thursday. The firm’s market capitalization is GBX 776.41 million. The company’s 50 day moving average is GBX 142.73 and its 200-day moving average is GBX 122.51. Petra Diamonds Limited has a one year low of GBX 52.76 and a one year high of GBX 160.50.
In other Petra Diamonds Limited news, insider Jim Davidson sold 50,823 shares of the stock in a transaction dated Friday, October 14th. The shares were sold at an average price of GBX 1 ($0.01), for a total transaction of £508.23 ($634.97).
About Petra Diamonds Limited
Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.
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