Canaccord Genuity reissued their buy rating on shares of Petra Diamonds (LON:PDL) in a report published on Thursday, March 8th. Canaccord Genuity currently has a GBX 90 ($1.24) target price on the stock.
A number of other brokerages also recently issued reports on PDL. Barclays dropped their price target on Petra Diamonds from GBX 118 ($1.63) to GBX 100 ($1.38) and set an overweight rating for the company in a research report on Monday, January 8th. JPMorgan Chase & Co. dropped their price target on Petra Diamonds from GBX 120 ($1.66) to GBX 115 ($1.59) and set an overweight rating for the company in a research report on Thursday, January 11th. Finally, Royal Bank of Canada dropped their target price on Petra Diamonds from GBX 110 ($1.52) to GBX 100 ($1.38) and set an outperform rating for the company in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Petra Diamonds has an average rating of Buy and an average target price of GBX 106.11 ($1.47).
Shares of Petra Diamonds (LON:PDL) opened at GBX 72.50 ($1.00) on Thursday. The stock has a market capitalization of $376.59 and a PE ratio of -517.86. Petra Diamonds has a 12-month low of GBX 58.50 ($0.81) and a 12-month high of GBX 140.20 ($1.94).
Petra Diamonds Company Profile
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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