Barclays PLC Trims Petra Diamonds Limited (PDL) Target Price to GBX 118

Petra Diamonds Limited (LON:PDL) had its target price reduced by stock analysts at Barclays PLC from GBX 135 ($1.78) to GBX 118 ($1.55) in a note issued to investors on Tuesday, October 24th. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price objective indicates a potential upside of 74.81% from the stock’s previous close.

PDL has been the topic of several other reports. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 160 ($2.10) price objective on shares of Petra Diamonds Limited in a research report on Tuesday, July 25th. FinnCap reiterated a “buy” rating and issued a GBX 120 ($1.58) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, October 11th. Liberum Capital reiterated a “buy” rating and issued a GBX 190 ($2.50) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, June 28th. Macquarie reiterated an “outperform” rating and issued a GBX 140 ($1.84) price objective on shares of Petra Diamonds Limited in a research report on Wednesday, August 30th. Finally, Investec decreased their price objective on shares of Petra Diamonds Limited from GBX 110 ($1.45) to GBX 87 ($1.14) and set a “sell” rating on the stock in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 127.55 ($1.68).

Shares of Petra Diamonds Limited (PDL) traded down GBX 1.50 ($0.02) during midday trading on Tuesday, hitting GBX 67.50 ($0.89). 1,273,670 shares of the company’s stock traded hands, compared to its average volume of 2,470,000. Petra Diamonds Limited has a 52 week low of GBX 59.25 ($0.78) and a 52 week high of GBX 173.60 ($2.28).

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Petra Diamonds Limited 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.

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

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