Shares of Petra Diamonds Limited (LON:PDL) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 157.18 ($2.05).

PDL has been the subject of several recent research reports. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 170 ($2.21) price objective on shares of Petra Diamonds Limited in a research report on Friday, March 31st. FinnCap reaffirmed a “buy” rating and set a GBX 203 ($2.64) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, April 19th. Barclays PLC reduced their price objective on Petra Diamonds Limited from GBX 200 ($2.61) to GBX 185 ($2.41) and set an “overweight” rating for the company in a research report on Friday, April 21st. Panmure Gordon reaffirmed a “hold” rating and set a GBX 152 ($1.98) price objective on shares of Petra Diamonds Limited in a research report on Monday, April 24th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 165 ($2.15) price objective on shares of Petra Diamonds Limited in a research report on Monday, April 24th.

Shares of Petra Diamonds Limited (LON:PDL) traded down 6.38% during midday trading on Monday, reaching GBX 102.80. The company’s stock had a trading volume of 4,620,112 shares. The stock has a 50 day moving average price of GBX 113.29 and a 200-day moving average price of GBX 133.52. Petra Diamonds Limited has a 52-week low of GBX 95.20 and a 52-week high of GBX 173.60. The company’s market capitalization is GBX 541.49 million.

In other Petra Diamonds Limited news, insider Adonis Pouroulis sold 250,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.73), for a total transaction of £332,500 ($433,168.32).

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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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