Petra Diamonds’ (PDL) Hold Rating Reaffirmed at Berenberg Bank

Petra Diamonds (LON:PDL – Get Rating)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research note issued on Monday, May 23rd, Marketbeat.com reports.

Separately, Barclays reissued an “equal weight” rating on shares of Petra Diamonds in a research report on Monday, May 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Petra Diamonds has an average rating of “Buy” and a consensus target price of GBX 2.85 ($0.03).

PDL stock opened at GBX 97.50 ($1.18) on Monday. The company has a quick ratio of 3.55, a current ratio of 4.97 and a debt-to-equity ratio of 102.36. The company has a market capitalization of £189.35 million and a price-to-earnings ratio of 1.12. Petra Diamonds has a 12 month low of GBX 45 ($0.55) and a 12 month high of GBX 139 ($1.69). The firm has a 50 day moving average of GBX 118.13 and a two-hundred day moving average of GBX 100.06.

In related news, insider Bernard Robert Pryor purchased 13,000 shares of Petra Diamonds stock in a transaction on Friday, May 27th. The stock was purchased at an average cost of GBX 112 ($1.36) per share, with a total value of £14,560 ($17,672.05).

About Petra Diamonds (Get Rating)

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa. It holds interest in three underground producing mines, including Cullinan, Finsch, and Koffiefontein mines located in South Africa. The company also provides treasury, beneficiation, and other services.

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