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Petra Diamonds (LON: PDL) has seen its price target lowered by Barclays stock badysts from GBX 70 ($ 0.93) to GBX 65 ($ 0.86) in a research report released Tuesday clients and investors. The company currently has an "overweight" rating on the stock. Barclays' goal in terms of price would indicate a 42.48% upside potential compared to the previous closing of the company
PDL has been the subject of several other reports. Liberum Capital lowered Petra Diamonds shares to a "hold" rating in a research note on Friday, June 8. JPMorgan Chase & Co. lowered its price target on GBX 95's Petra Diamonds shares ($ 1.26) to GBX 90 ($ 1.19) and established an overweight rating for the company in a report Monday, April 9th. Royal Bank of Canada downgraded Petra Diamonds shares to an "industry sector" rating in a research report on Wednesday, April 4th. BMO Capital Markets reiterated an "outperformance" rating and set a price target of GBX 85 ($ 1.13) on Petra Diamonds shares in a research report on Tuesday, July 10. Finally, Canaccord Genuity reiterated a "buy" rating and set a price target of 80 GBX ($ 1.06) on Petra Diamonds shares in a research report released on Monday. A research badyst evaluated the stock with a holdback rating and eight awarded a purchase grade to the company. The company currently has an average rating of "Buy" and an average target price of GBX 96.44 ($ 1.28).
The title of Petra Diamonds opened at 45.62 GBX ($ 0.60) on Tuesday. Petra Diamonds recorded its lowest level in 12 months at 58.50 GBX ($ 0.77) and a record of 140.20 GB ($ 1.86) for 12 months.
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About Petra Diamonds
Petra Diamonds Limited is dedicated to the extraction, exploration, processing, sorting and selling of rough diamonds in South Africa, Tanzania and Botswana . The main mining properties of the company are the Finsch and Cullinan properties located in South Africa. It also provides treasury services, enrichment and other services.
See also: Understanding the price / earnings ratio (PE)
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