Shares of Petra Diamonds Limited (LON:PDL) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 30.40 ($0.40).
Several equities research analysts recently commented on PDL shares. Liberum Capital reaffirmed a “sell” rating on shares of Petra Diamonds in a report on Monday, September 16th. JPMorgan Chase & Co. cut their price target on Petra Diamonds from GBX 35 ($0.46) to GBX 30 ($0.39) and set a “neutral” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Petra Diamonds in a report on Wednesday, July 31st. Berenberg Bank raised Petra Diamonds to a “hold” rating and increased their price target for the company from GBX 8 ($0.10) to GBX 9 ($0.12) in a report on Monday, September 23rd. Finally, Barclays cut their price target on Petra Diamonds from GBX 28 ($0.37) to GBX 26 ($0.34) and set an “overweight” rating for the company in a report on Tuesday, July 23rd.
Shares of LON PDL traded down GBX 0.07 ($0.00) during midday trading on Thursday, hitting GBX 6.31 ($0.08). The stock had a trading volume of 3,670,130 shares, compared to its average volume of 2,620,000. The company has a market capitalization of $54.56 million and a PE ratio of -0.24. The stock has a 50 day simple moving average of GBX 8.18 and a 200-day simple moving average of GBX 16.44. Petra Diamonds has a 1 year low of GBX 6.92 ($0.09) and a 1 year high of GBX 46.10 ($0.60). The company has a quick ratio of 1.06, a current ratio of 2.05 and a debt-to-equity ratio of 236.46.
Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.
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