Petra Diamonds (PDL) Rating Reiterated by Barclays
Petra Diamonds (LON:PDL)‘s stock had its “overweight” rating reissued by stock analysts at Barclays in a research note issued to investors on Friday.
PDL has been the subject of a number of other research reports. Royal Bank of Canada raised Petra Diamonds to an “outperform” rating and dropped their price objective for the stock from GBX 80 ($1.05) to GBX 65 ($0.85) in a research note on Wednesday, July 4th. Canaccord Genuity dropped their price objective on Petra Diamonds from GBX 90 ($1.18) to GBX 80 ($1.05) and set a “buy” rating for the company in a research note on Friday, June 15th. Panmure Gordon raised Petra Diamonds to a “buy” rating in a research note on Friday, July 6th. Citigroup reaffirmed a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of Petra Diamonds in a research note on Tuesday, September 18th. Finally, Berenberg Bank started coverage on Petra Diamonds in a research note on Thursday, September 20th. They issued a “hold” rating and a GBX 40 ($0.52) price objective for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 80 ($1.05).
LON PDL opened at GBX 36.22 ($0.47) on Friday. Petra Diamonds has a twelve month low of GBX 58.50 ($0.76) and a twelve month 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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