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Petra Diamonds Limited (LON:PDL) was upgraded by stock analysts at Beaufort Securities to a “buy” rating in a report issued on Tuesday.

Shares of Petra Diamonds Limited (LON:PDL) traded down 7.66% on Tuesday, hitting GBX 200.00. 4,125,061 shares of the company’s stock traded hands. Petra Diamonds Limited has a one year low of GBX 105.30 and a one year high of GBX 220.865. The stock has a 50-day moving average of GBX 191.7 and a 200-day moving average of GBX 161.5. The company’s market cap is £1.021 billion.

A number of other analysts have also recently weighed in on PDL. Analysts at Investec reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Tuesday. They now have a GBX 245 ($4.16) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 171 ($2.90) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Petra Diamonds Limited in a research note on Monday. They now have a GBX 200 ($3.40) price target on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 199.45 ($3.39).

Petra Diamonds Limited (LON:PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.

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