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

Citigroup downgraded shares of Petra Diamonds (LON:PDL) to a neutral rating in a research note published on Tuesday, Digital Look reports.

A number of other research firms have also recently issued reports on PDL. JPMorgan Chase & Co. restated a neutral rating and set a GBX 6 ($0.08) price objective (down previously from GBX 10 ($0.13)) on shares of Petra Diamonds in a report on Tuesday, December 17th. Barclays reaffirmed an overweight rating on shares of Petra Diamonds in a research report on Wednesday, January 15th. Berenberg Bank reaffirmed a hold rating on shares of Petra Diamonds in a research report on Tuesday, February 4th. Panmure Gordon lowered Petra Diamonds to a hold rating in a research report on Tuesday, December 10th. Finally, Peel Hunt reaffirmed a buy rating on shares of Petra Diamonds in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 24.50 ($0.32).

PDL opened at GBX 8.37 ($0.11) on Tuesday. The business has a fifty day moving average of GBX 9.18 and a 200 day moving average of GBX 8.65. Petra Diamonds has a 52-week low of GBX 6.18 ($0.08) and a 52-week high of GBX 32.46 ($0.43). The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 236.46. The stock has a market cap of $72.39 million and a P/E ratio of -0.32.

About Petra Diamonds

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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