Petra Diamonds Ltd Stock Rating Reaffirmed by Bank of America Corp. (PDMDF)
Petra Diamonds Ltd (PINK:PDMDF)‘s stock had its “buy” rating restated by stock analysts at Bank of America Corp. in a report issued on Friday, ARN reports. They currently have a $160.00 price target on the stock.
PDMDF has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. cut their price target on shares of Petra Diamonds Ltd (PINK:PDMDF) from $164.00 to $157.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petra Diamonds Ltd (PINK:PDMDF) in a research note to investors on Tuesday, September 17th. They now have a $160.00 price target on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Petra Diamonds Ltd (PINK:PDMDF) in a research note to investors on Monday, September 16th. They now have a $150.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $164.29.
Shares of Petra Diamonds Ltd (PINK:PDMDF) remained flat at $1.90 during during mid-day trading trading on Friday. Petra Diamonds Ltd has a 52 week low of $1.60 and a 52 week high of $1.93. The stock has a 50-day moving average of $1.8 and a 200-day moving average of $1.75. The company has a market cap of $967.9 million and a price-to-earnings ratio of 31.15.
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