Petra Diamonds Limited Receives “Sell” Rating from Panmure Gordon (PDL)
Petra Diamonds Limited (LON:PDL)‘s stock had its “sell” rating reissued by stock analysts at Panmure Gordon in a report issued on Monday. They currently have a GBX 171 ($2.86) price objective on the stock. Panmure Gordon’s target price indicates a potential downside of 10.00% from the stock’s previous close.
Petra Diamonds Limited (LON:PDL) traded up 4.68% on Monday, hitting GBX 198.90. 1,014,521 shares of the company’s stock traded hands. Petra Diamonds Limited has a 52 week low of GBX 105.30 and a 52 week high of GBX 220.865. The stock has a 50-day moving average of GBX 197.2 and a 200-day moving average of GBX 167.3. The company’s market cap is £1.015 billion.
Other equities research analysts have also recently issued reports about the stock. 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 ($3.34) price target on the stock. Separately, analysts at FinnCap reiterated a “corporate” rating on shares of Petra Diamonds Limited in a research note on Monday. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Petra Diamonds Limited in a research note on Monday, August 4th. They now have a GBX 240 ($4.01) price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 208.90 ($3.49).
Petra Diamonds Limited (LON:PDL) is an independent diamond mining company and a supplier of rough diamonds to the international market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.