Petra Diamonds (LON:PDL) had its price target trimmed by JPMorgan Chase from GBX 95 ($1.34) to GBX 90 ($1.27) in a research note published on Monday. The firm currently has an overweight rating on the stock.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity restated a buy rating and set a GBX 90 ($1.27) price objective on shares of Petra Diamonds in a research report on Thursday, March 8th. Royal Bank of Canada reduced their price objective on shares of Petra Diamonds from GBX 110 ($1.55) to GBX 100 ($1.41) and set an outperform rating for the company in a research report on Monday, January 29th. Finally, Barclays reduced their price objective on shares of Petra Diamonds from GBX 118 ($1.67) to GBX 100 ($1.41) and set an overweight rating for the company in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 105.56 ($1.49).
LON:PDL opened at GBX 64.49 ($0.91) on Monday. Petra Diamonds has a fifty-two week low of GBX 58.50 ($0.83) and a fifty-two week high of GBX 140.20 ($1.98).
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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