Petra Diamonds (LON:PDL)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report released on Monday, Digital Look reports. They presently have a GBX 5 ($0.06) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 171.44% from the company’s previous close.
Several other equities analysts also recently issued reports on PDL. Liberum Capital reissued a “sell” rating on shares of Petra Diamonds in a research report on Monday. Barclays downgraded Petra Diamonds to an “equal weight” rating and cut their target price for the company from GBX 11 ($0.14) to GBX 3 ($0.04) in a research report on Thursday, April 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 5 ($0.06) target price (down from GBX 6 ($0.07)) on shares of Petra Diamonds in a research report on Thursday, April 30th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Petra Diamonds in a research report on Monday, June 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Petra Diamonds presently has a consensus rating of “Hold” and an average target price of GBX 4.50 ($0.06).
LON PDL opened at GBX 1.84 ($0.02) on Monday. The company has a debt-to-equity ratio of 249.46, a current ratio of 1.99 and a quick ratio of 0.72. The stock’s fifty day moving average price is GBX 2.31 and its 200 day moving average price is GBX 4.82. 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 market cap of $15.94 million and a price-to-earnings ratio of -0.09.
Petra Diamonds Company Profile
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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