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Petra Diamonds Limited’s (LON:PDL) “Buy” Rating Reaffirmed at Liberum Capital
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Other equities analysts have also recently issued research reports about the company. FinnCap reissued a buy rating and set a GBX 203 ($2.64) target price on shares of Petra Diamonds Limited in a report on Wednesday, April 19th. Canaccord Genuity dropped their price target on Petra Diamonds Limited from GBX 165 ($2.15) to GBX 150 ($1.95) and set a buy rating for the company in a research report on Thursday, July 20th. Panmure Gordon restated a hold rating and issued a GBX 152 ($1.98) price target on shares of Petra Diamonds Limited in a research report on Monday, April 24th. J P Morgan Chase & Co dropped their price target on Petra Diamonds Limited from GBX 190 ($2.47) to GBX 160 ($2.08) and set an overweight rating for the company in a research report on Thursday, June 29th. Finally, Barclays PLC restated an overweight rating and issued a GBX 185 ($2.41) price target on shares of Petra Diamonds Limited in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Petra Diamonds Limited presently has a consensus rating of Buy and an average target price of GBX 151.73 ($1.98).
Petra Diamonds Limited (LON:PDL) traded down 1.82% during trading on Wednesday, reaching GBX 97.00. The company’s stock had a trading volume of 775,454 shares. Petra Diamonds Limited has a one year low of GBX 90.40 and a one year high of GBX 173.60. The stock has a 50-day moving average of GBX 103.48 and a 200 day moving average of GBX 127.29. The firm’s market capitalization is GBX 510.94 million.
In related news, insider Adonis Pouroulis sold 250,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of GBX 133 ($1.73), for a total value of £332,500 ($432,999.09).
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.