Petra Diamonds (PDL) Now Covered by Analysts at Berenberg Bank
Equities researchers at Berenberg Bank initiated coverage on shares of Petra Diamonds (LON:PDL) in a research report issued on Thursday, September 20th. The firm set a “hold” rating and a GBX 40 ($0.52) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 10.44% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Liberum Capital downgraded shares of Petra Diamonds to a “hold” rating in a research note on Friday, June 8th. Barclays reiterated an “overweight” rating on shares of Petra Diamonds in a research note on Tuesday, September 18th. Canaccord Genuity reiterated a “buy” rating and set a GBX 80 ($1.05) target price on shares of Petra Diamonds in a research note on Monday, July 23rd. BMO Capital Markets reiterated an “outperform” rating and set a GBX 85 ($1.11) target price on shares of Petra Diamonds in a research note on Tuesday, July 10th. Finally, Citigroup reiterated a “buy” rating and set a GBX 70 ($0.91) target price on shares of Petra Diamonds in a research note on Tuesday, September 18th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 80 ($1.05).
LON PDL traded down GBX 0.32 ($0.00) during trading hours on Thursday, hitting GBX 36.22 ($0.47). The company had a trading volume of 3,341,164 shares, compared to its average volume of 2,620,000. Petra Diamonds has a 1-year low of GBX 58.50 ($0.76) and a 1-year 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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