Petra Diamonds Limited (PDL) Earns Buy Rating from Citigroup Inc.

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Petra Diamonds Limited (LON:PDL)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a research report issued on Wednesday.
Other equities analysts have also issued research reports about the stock. FinnCap reissued a “buy” rating and issued a GBX 213 ($2.84) price target (up previously from GBX 197 ($2.62)) on shares of Petra Diamonds Limited in a research report on Monday, July 25th. Investec lifted their price target on shares of Petra Diamonds Limited from GBX 157 ($2.09) to GBX 168 ($2.24) and gave the company a “buy” rating in a research report on Tuesday, July 19th. Canaccord Genuity reissued a “buy” rating and issued a GBX 150 ($2.00) price target on shares of Petra Diamonds Limited in a research report on Tuesday, July 26th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 140 ($1.86) price target on shares of Petra Diamonds Limited in a research report on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 146.62 ($1.95).
Shares of Petra Diamonds Limited (LON:PDL) opened at 112.50 on Wednesday. The firm’s market cap is GBX 585.31 million. Petra Diamonds Limited has a 12-month low of GBX 52.76 and a 12-month high of GBX 138.00. The company has a 50 day moving average of GBX 116.49 and a 200-day moving average of GBX 114.40.

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About Petra Diamonds Limited
Petra Diamonds Limited is a diamond mining company and a supplier of rough diamonds to the international market. The Company’s segments include Mining and Exploration. Its Mining segment is engaged in the extraction and sale of rough diamonds from mining operations in South Africa and Tanzania. Its Exploration segment is engaged in exploration activities in Botswana.

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