Petra Diamonds Limited (PDL) Rating Reiterated by Macquarie

Macquarie reissued their outperform rating on shares of Petra Diamonds Limited (LON:PDL) in a research note released on Wednesday, August 30th. The brokerage currently has a GBX 140 ($1.81) price target on the stock.

Other equities analysts have also issued research reports about the stock. Liberum Capital restated a buy rating and set a GBX 130 ($1.68) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, August 9th. Barclays PLC restated an overweight rating on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. FinnCap decreased their target price on shares of Petra Diamonds Limited from GBX 203 ($2.62) to GBX 151 ($1.95) and set a buy rating for the company in a report on Monday, July 24th. Canaccord Genuity decreased their target price on shares of Petra Diamonds Limited from GBX 165 ($2.13) to GBX 150 ($1.94) and set a buy rating for the company in a report on Thursday, July 20th. Finally, J P Morgan Chase & Co decreased their target price on shares of Petra Diamonds Limited from GBX 190 ($2.45) to GBX 160 ($2.07) and set an overweight rating for the company in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 136.09 ($1.76).

Petra Diamonds Limited (PDL) traded up 3.58% during midday trading on Wednesday, reaching GBX 84.00. 9,786,950 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 92.39 and its 200-day moving average price is GBX 116.75. The company’s market capitalization is GBX 442.46 million. Petra Diamonds Limited has a 1-year low of GBX 64.17 and a 1-year high of GBX 173.60.

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About Petra Diamonds Limited

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.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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