Petra Diamonds Limited (PDL) Receives Average Recommendation of “Buy” from Analysts
Shares of Petra Diamonds Limited (LON:PDL) have been given an average recommendation of “Buy” by the twelve brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 123.64 ($1.68).
A number of equities research analysts have commented on the stock. Canaccord Genuity restated a “buy” rating and set a GBX 110 ($1.49) target price on shares of Petra Diamonds in a research note on Tuesday, November 28th. Panmure Gordon restated a “hold” rating and set a GBX 141 ($1.91) target price on shares of Petra Diamonds in a research note on Monday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of Petra Diamonds from GBX 140 ($1.90) to GBX 135 ($1.83) and set an “overweight” rating on the stock in a research note on Tuesday, September 19th. Liberum Capital restated a “buy” rating and set a GBX 115 ($1.56) target price on shares of Petra Diamonds in a research note on Monday, October 23rd. Finally, FinnCap raised their target price on shares of Petra Diamonds from GBX 120 ($1.63) to GBX 130 ($1.76) and gave the stock a “buy” rating in a research note on Monday, October 23rd.
Petra Diamonds (LON:PDL) opened at GBX 88.80 ($1.20) on Tuesday. Petra Diamonds has a one year low of GBX 59.25 ($0.80) and a one year high of GBX 161.24 ($2.19). The firm has a market cap of $466.25 and a P/E ratio of 4,440.00.
About Petra Diamonds
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.
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