Petra Diamonds (LON:PDL) had its target price trimmed by Barclays from GBX 65 ($0.85) to GBX 57 ($0.74) in a research note issued to investors on Thursday. The firm currently has an overweight rating on the stock.
A number of other brokerages have also commented on PDL. Canaccord Genuity reiterated a buy rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research report on Wednesday, November 7th. Citigroup reiterated a buy rating and issued a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research report on Tuesday, September 18th. Berenberg Bank began coverage on Petra Diamonds in a research report on Thursday, September 20th. They issued a hold rating and a GBX 40 ($0.52) target price on the stock. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Petra Diamonds in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 66.71 ($0.87).
LON PDL traded down GBX 0.02 ($0.00) during trading hours on Thursday, reaching GBX 44.50 ($0.58). The stock had a trading volume of 1,427,417 shares, compared to its average volume of 2,620,000. Petra Diamonds has a 52-week low of GBX 58.50 ($0.76) and a 52-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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