Barclays Reaffirms “Equal weight” Rating for Petra Diamonds (LON:PDL)

Barclays reiterated their equal weight rating on shares of Petra Diamonds (LON:PDL) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued reports about the company. Peel Hunt reissued a buy rating on shares of Petra Diamonds in a report on Tuesday, June 30th. Berenberg Bank reiterated a hold rating and set a GBX 5 ($0.06) target price on shares of Petra Diamonds in a research report on Monday, June 29th. JPMorgan Chase & Co. restated 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 research report on Thursday, April 30th. Finally, Liberum Capital restated a sell rating on shares of Petra Diamonds in a research report on Monday, June 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Petra Diamonds has a consensus rating of Hold and a consensus target price of GBX 4.50 ($0.06).

PDL stock opened at GBX 1.76 ($0.02) on Wednesday. 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 company has a market capitalization of $15.84 million and a price-to-earnings ratio of -0.09. The business’s 50 day moving average price is GBX 2.29 and its two-hundred day moving average price is GBX 4.50. Petra Diamonds has a fifty-two week low of GBX 0.70 ($0.01) and a fifty-two week high of GBX 20.86 ($0.26).

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.

Featured Story: Limitations to arbitrage trading

Analyst Recommendations for Petra Diamonds (LON:PDL)

Receive News & Ratings for Petra Diamonds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petra Diamonds and related companies with MarketBeat.com's FREE daily email newsletter.