Liberum Capital Reiterates “Sell” Rating for Petra Diamonds (LON:PDL)

Petra Diamonds (LON:PDL)‘s stock had its “sell” rating restated by Liberum Capital in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the company. Barclays downgraded Petra Diamonds to an “equal weight” rating and decreased their price objective for the company from GBX 11 ($0.14) to GBX 3 ($0.04) in a report on Thursday, April 16th. Peel Hunt reaffirmed a “buy” rating on shares of Petra Diamonds in a report on Monday, June 1st. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5 ($0.06) price objective on shares of Petra Diamonds in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 5 ($0.06) price objective (down from GBX 6 ($0.07)) on shares of Petra Diamonds in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 4.50 ($0.06).

LON PDL opened at GBX 1.84 ($0.02) on Monday. The company has a current ratio of 1.99, a quick ratio of 0.72 and a debt-to-equity ratio of 249.46. The stock’s 50 day moving average is GBX 2.31 and its two-hundred day moving average is GBX 4.82. The company has a market capitalization of $15.94 million and a price-to-earnings ratio of -0.09. Petra Diamonds has a 1-year low of GBX 0.70 ($0.01) and a 1-year high of GBX 22.68 ($0.28).

About Petra Diamonds

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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