Petra Diamonds (PDL) Rating Reiterated by Barclays
Petra Diamonds (LON:PDL)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays in a note issued to investors on Tuesday.
A number of other equities research analysts have also weighed in on PDL. Royal Bank of Canada upgraded Petra Diamonds to an “outperform” rating and lowered their price objective for the company from GBX 80 ($1.05) to GBX 65 ($0.85) in a research note on Wednesday, July 4th. Panmure Gordon upgraded Petra Diamonds to a “buy” rating in a research note on Friday, July 6th. BMO Capital Markets restated an “outperform” rating and set a GBX 85 ($1.11) price objective on shares of Petra Diamonds in a research note on Tuesday, July 10th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 80 ($1.05) target price on shares of Petra Diamonds in a report on Monday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 70 ($0.91) target price on shares of Petra Diamonds in a report on Tuesday, September 18th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 67.86 ($0.89).
Shares of LON PDL opened at GBX 37.03 ($0.48) on Tuesday. Petra Diamonds has a fifty-two week low of GBX 58.50 ($0.76) and a fifty-two week high of GBX 140.20 ($1.83).
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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