Petra Diamonds Limited (LON:PDL) had its price objective decreased by Barclays PLC from GBX 185 ($2.44) to GBX 154 ($2.03) in a report released on Friday, July 14th. Barclays PLC currently has an overweight rating on the stock.
PDL has been the subject of several other reports. Liberum Capital restated a buy rating and set a GBX 190 ($2.51) target price on shares of Petra Diamonds Limited in a research report on Wednesday, May 10th. J P Morgan Chase & Co reduced their target price on Petra Diamonds Limited from GBX 175 ($2.31) to GBX 170 ($2.24) and set an overweight rating for the company in a research report on Thursday, March 16th. FinnCap restated a buy rating and set a GBX 203 ($2.68) target price on shares of Petra Diamonds Limited in a research report on Wednesday, April 19th. Investec reduced their target price on Petra Diamonds Limited from GBX 110 ($1.45) to GBX 87 ($1.15) and set a sell rating for the company in a research report on Thursday, June 29th. Finally, Panmure Gordon restated a hold rating and set a GBX 152 ($2.01) target price on shares of Petra Diamonds Limited in a research report on Monday, April 24th. One equities research 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 company has an average rating of Buy and an average target price of GBX 157.18 ($2.07).
Shares of Petra Diamonds Limited (LON PDL) opened at 93.10 on Friday. The company has a 50-day moving average price of GBX 107.38 and a 200 day moving average price of GBX 129.71. The firm’s market capitalization is GBX 490.40 million. Petra Diamonds Limited has a 1-year low of GBX 90.40 and a 1-year high of GBX 173.60.
In related news, insider Adonis Pouroulis sold 250,000 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.75), for a total transaction of £332,500 ($438,596.49).
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.
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