Shares of Petra Diamonds (LON:PDL) have received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 106.25 ($1.43).
A number of brokerages have recently commented on PDL. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 90 ($1.21) price objective on shares of Petra Diamonds in a research note on Thursday, March 8th. JPMorgan Chase & Co. dropped their price objective on shares of Petra Diamonds from GBX 95 ($1.27) to GBX 90 ($1.21) and set an “overweight” rating on the stock in a research note on Monday, April 9th. Royal Bank of Canada cut shares of Petra Diamonds to a “sector performer” rating in a research note on Wednesday, April 4th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Petra Diamonds in a research note on Monday, April 23rd.
Petra Diamonds traded up GBX 1.30 ($0.02), hitting GBX 61.85 ($0.83), during midday trading on Monday, MarketBeat reports. The company’s stock had a trading volume of 6,035,127 shares, compared to its average volume of 2,620,000. Petra Diamonds has a fifty-two week low of GBX 58.50 ($0.78) and a fifty-two week high of GBX 140.20 ($1.88).
Petra Diamonds Company Profile
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. The company's principal mining properties are the Finsch and Cullinan properties located in South Africa. It also provides treasury, beneficiation, and other services.
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