Petra Diamonds (LON:PDL) had its price objective trimmed by JPMorgan Chase & Co. from GBX 100 ($1.38) to GBX 95 ($1.31) in a research note published on Tuesday, February 20th. The firm currently has an overweight rating on the stock.
A number of other equities research analysts have also commented on the stock. Barclays reduced their price objective on shares of Petra Diamonds from GBX 118 ($1.63) to GBX 100 ($1.38) and set an overweight rating on the stock in a research note on Monday, January 8th. Canaccord Genuity reissued a buy rating and set a GBX 110 ($1.52) target price on shares of Petra Diamonds in a research note on Tuesday, November 28th. Royal Bank of Canada cut their target price on shares of Petra Diamonds from GBX 110 ($1.52) to GBX 100 ($1.38) and set an outperform rating on the stock in a research note on Monday, January 29th. Liberum Capital reissued a buy rating and set a GBX 115 ($1.59) target price on shares of Petra Diamonds in a research note on Monday, October 23rd. Finally, FinnCap increased their target price on shares of Petra Diamonds from GBX 120 ($1.66) to GBX 130 ($1.80) and gave the stock a buy rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 106.11 ($1.47).
Petra Diamonds (PDL) traded down GBX 0.25 ($0.00) on Tuesday, reaching GBX 67.70 ($0.94). 1,510,000 shares of the company’s stock were exchanged, compared to its average volume of 2,900,000. Petra Diamonds has a 52-week low of GBX 58.50 ($0.81) and a 52-week high of GBX 140.20 ($1.94). The company has a market cap of $359.08 and a price-to-earnings ratio of -483.57.
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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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