Petra Diamonds (LON:PDL) Receives “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Petra Diamonds (LON:PDL) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

PDL has been the topic of a number of other research reports. Liberum Capital reaffirmed a sell rating on shares of Petra Diamonds in a research note on Monday. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 5 ($0.06) price target (down from GBX 6 ($0.07)) on shares of Petra Diamonds in a report on Thursday, April 30th. Berenberg Bank reiterated a hold rating and issued a GBX 5 ($0.06) price target on shares of Petra Diamonds in a report on Monday. Finally, Barclays downgraded Petra Diamonds to an equal weight rating and cut their price target for the company from GBX 11 ($0.14) to GBX 3 ($0.04) in a report on Thursday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Petra Diamonds has a consensus rating of Hold and an average price target of GBX 4.50 ($0.06).

PDL stock opened at GBX 1.84 ($0.02) on Tuesday. Petra Diamonds has a 1 year low of GBX 0.70 ($0.01) and a 1 year high of GBX 22.68 ($0.28). The company has a debt-to-equity ratio of 249.46, a quick ratio of 0.72 and a current ratio of 1.99. The stock’s 50 day moving average price is GBX 2.31 and its 200 day moving average price is GBX 4.82. The firm has a market cap of $15.94 million and a P/E ratio of -0.09.

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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