Petra Diamonds (PDL) Receives Sector Performer Rating from Royal Bank of Canada
Petra Diamonds (LON:PDL)‘s stock had its “sector performer” rating restated by equities researchers at Royal Bank of Canada in a report issued on Monday, April 15th, Digital Look reports.
A number of other research firms also recently issued reports on PDL. Barclays cut their price objective on shares of Petra Diamonds from GBX 65 ($0.85) to GBX 57 ($0.74) and set an “overweight” rating for the company in a report on Thursday, January 10th. Goldman Sachs Group cut their price objective on shares of Petra Diamonds from GBX 41 ($0.54) to GBX 30 ($0.39) and set a “neutral” rating for the company in a report on Friday, February 22nd. Berenberg Bank cut their price objective on shares of Petra Diamonds from GBX 30 ($0.39) to GBX 22 ($0.29) and set a “hold” rating for the company in a report on Wednesday, March 27th. Canaccord Genuity cut their price objective on shares of Petra Diamonds from GBX 70 ($0.91) to GBX 55 ($0.72) and set a “buy” rating for the company in a report on Thursday, February 21st. Finally, JPMorgan Chase & Co. downgraded shares of Petra Diamonds to a “neutral” rating and cut their price objective for the company from GBX 40 ($0.52) to GBX 35 ($0.46) in a report on Thursday, January 31st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Petra Diamonds has a consensus rating of “Buy” and an average price target of GBX 46.25 ($0.60).
LON PDL traded up GBX 0.35 ($0.00) during trading on Monday, reaching GBX 18.15 ($0.24). The company’s stock had a trading volume of 11,048,555 shares, compared to its average volume of 2,620,000. The company has a quick ratio of 1.04, a current ratio of 2.04 and a debt-to-equity ratio of 146.89. The company has a market capitalization of $154.03 million and a P/E ratio of -0.97. Petra Diamonds has a 12 month low of GBX 16.68 ($0.22) and a 12 month high of GBX 73.45 ($0.96).
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.
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