Petra Diamonds Limited (LON:PDL) had its target price cut by Canaccord Genuity from GBX 165 ($2.15) to GBX 150 ($1.96) in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 39.28% from the company’s current price.

A number of other equities analysts have also recently commented on PDL. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 170 ($2.22) price target on shares of Petra Diamonds Limited in a research note on Friday, March 31st. FinnCap reissued a “buy” rating and issued a GBX 203 ($2.65) price target on shares of Petra Diamonds Limited in a research note on Wednesday, April 19th. Barclays PLC cut their price target on shares of Petra Diamonds Limited from GBX 200 ($2.61) to GBX 185 ($2.42) and set an “overweight” rating for the company in a research note on Friday, April 21st. Panmure Gordon reissued a “hold” rating and issued a GBX 152 ($1.98) price target on shares of Petra Diamonds Limited in a research note on Monday, April 24th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 190 ($2.48) price objective on shares of Petra Diamonds Limited in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 161.91 ($2.11).

Shares of Petra Diamonds Limited (LON PDL) traded up 1.76% during mid-day trading on Thursday, reaching GBX 109.60. 1,533,292 shares of the company’s stock were exchanged. Petra Diamonds Limited has a 52-week low of GBX 98.10 and a 52-week high of GBX 173.60. The firm’s market cap is GBX 577.31 million. The company has a 50 day moving average price of GBX 113.83 and a 200 day moving average price of GBX 133.69.

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In related news, insider Adonis Pouroulis sold 250,000 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of GBX 133 ($1.74), for a total transaction of £332,500 ($434,186.47).

About Petra Diamonds Limited

Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. Its segments include Mining and Exploration. Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Exploration segment includes the exploration activities in Botswana and South Africa.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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