Petra Diamonds (LON:PDL) Rating Reiterated by Berenberg Bank

Petra Diamonds (LON:PDL)‘s stock had its “hold” rating reiterated by equities researchers at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 9 ($0.12) price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 3.45% from the stock’s current price.

Several other research firms also recently commented on PDL. Shore Capital reaffirmed a “not rated” rating on shares of Petra Diamonds in a research note on Monday, October 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 10 ($0.13) target price (down previously from GBX 25 ($0.33)) on shares of Petra Diamonds in a research note on Wednesday, November 6th. 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. Liberum Capital restated a “sell” rating on shares of Petra Diamonds in a report on Monday, October 21st. Finally, Royal Bank of Canada restated a “sector performer” rating on shares of Petra Diamonds in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Petra Diamonds currently has an average rating of “Hold” and an average price target of GBX 28.67 ($0.37).

LON:PDL traded down GBX 0.43 ($0.01) on Friday, hitting GBX 8.70 ($0.11). The stock had a trading volume of 3,388,082 shares, compared to its average volume of 2,620,000. The business’s 50-day simple moving average is GBX 7.66 and its two-hundred day simple moving average is GBX 14.18. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 236.46. Petra Diamonds has a 52-week low of GBX 6.18 ($0.08) and a 52-week high of GBX 46.10 ($0.60). The stock has a market cap of $76.19 million and a price-to-earnings ratio of -0.33.

Petra Diamonds Company Profile

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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Analyst Recommendations for Petra Diamonds (LON:PDL)

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