Petra Diamonds (LON:PDL) Rating Lowered to Neutral at Citigroup

Citigroup cut shares of Petra Diamonds (LON:PDL) to a neutral rating in a report published on Tuesday morning, Digital Look reports.

Several other analysts also recently weighed in on PDL. Barclays reiterated an overweight rating on shares of Petra Diamonds in a research note on Wednesday, January 15th. Berenberg Bank reiterated a hold rating on shares of Petra Diamonds in a research note on Tuesday, February 4th. Liberum Capital reiterated a sell rating on shares of Petra Diamonds in a research note on Tuesday, January 7th. Panmure Gordon downgraded Petra Diamonds to a hold rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 6 ($0.08) price target (down previously from GBX 10 ($0.13)) on shares of Petra Diamonds in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 24.50 ($0.32).

Petra Diamonds stock opened at GBX 8.37 ($0.11) on Tuesday. The company has a debt-to-equity ratio of 236.46, a quick ratio of 1.04 and a current ratio of 2.03. The business’s 50-day simple moving average is GBX 9.18 and its two-hundred day simple moving average is GBX 8.65. The company has a market cap of $72.39 million and a PE ratio of -0.32. Petra Diamonds has a fifty-two week low of GBX 6.18 ($0.08) and a fifty-two week high of GBX 32.46 ($0.43).

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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Analyst Recommendations for Petra Diamonds (LON:PDL)

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