Petra Diamonds (LON:PDL) Rating Reiterated by Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Petra Diamonds (LON:PDL) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 5 ($0.06) target price (down from GBX 6 ($0.07)) on shares of Petra Diamonds in a research report on Thursday, April 30th. Berenberg Bank reiterated a hold rating and set a GBX 5 ($0.06) target price on shares of Petra Diamonds in a research report on Monday. Barclays lowered shares of Petra Diamonds to an equal weight rating and reduced their price target for the company from GBX 11 ($0.14) to GBX 3 ($0.04) in a research report on Thursday, April 16th. Finally, Liberum Capital restated a sell rating on shares of Petra Diamonds in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 4.50 ($0.06).
Shares of Petra Diamonds stock opened at GBX 1.84 ($0.02) on Tuesday. The company has a debt-to-equity ratio of 249.46, a quick ratio of 0.72 and a current ratio of 1.99. The firm’s 50-day simple moving average is GBX 2.31 and its 200-day simple moving average is GBX 4.82. Petra Diamonds has a twelve month low of GBX 0.70 ($0.01) and a twelve month high of GBX 22.68 ($0.28). The firm has a market cap of $15.94 million and a P/E ratio of -0.09.
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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