Petra Diamonds Limited (PDL) Given “Neutral” Rating at Citigroup Inc.

Petra Diamonds Limited (LON:PDL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup Inc. in a research report issued on Monday. They presently have a GBX 160 ($1.99) price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 3.23% from the company’s previous close.

PDL has been the subject of several other reports. Macquarie reissued an “outperform” rating and set a GBX 140 ($1.74) price target on shares of Petra Diamonds Limited in a report on Monday, October 17th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 175 ($2.18) price target on shares of Petra Diamonds Limited in a report on Wednesday, December 14th. FinnCap reissued a “buy” rating and set a GBX 213 ($2.65) price target on shares of Petra Diamonds Limited in a report on Monday, January 16th. Barclays PLC lifted their price target on shares of Petra Diamonds Limited from GBX 155 ($1.93) to GBX 168 ($2.09) and gave the company an “overweight” rating in a report on Tuesday, October 25th. Finally, Panmure Gordon raised shares of Petra Diamonds Limited to a “buy” rating and lifted their price target for the company from GBX 120 ($1.49) to GBX 154 ($1.92) in a report on Monday, October 24th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 170.67 ($2.13).

Analyst Recommendations for Petra Diamonds Limited (LON:PDL)

Shares of Petra Diamonds Limited (LON:PDL) opened at 154.8412 on Monday. Petra Diamonds Limited has a one year low of GBX 79.50 and a one year high of GBX 173.60. The company’s 50-day moving average is GBX 155.02 and its 200-day moving average is GBX 140.60. The company’s market capitalization is GBX 810.11 million.

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In related news, insider Adonis Pouroulis sold 752,637 shares of the business’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of GBX 170 ($2.12), for a total transaction of £1,279,482.90 ($1,593,775.41).

Petra Diamonds Limited Company Profile

Petra Diamonds Limited is an independent diamond mining company and supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. The Mining segment includes the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania.

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