What’s in Petra Diamonds Limited After Today’s Huge Decline?

 What's in Petra Diamonds Limited After Today's Huge Decline?

The stock of Petra Diamonds Limited (LON:PDL) is a huge mover today! The stock decreased 2.63% or GBX 4.15 on November 28, hitting GBX 153.65. About 882,648 shares traded hands. Petra Diamonds Limited (LON:PDL) has risen 32.37% since April 29, 2016 and is uptrending. It has outperformed by 26.36% the S&P500.
The move comes after 8 months negative chart setup for the GBX 812.61M company. It was reported on Nov, 28 by Barchart.com. We have GBX 142.89 PT which if reached, will make LON:PDL worth GBX 56.88 million less.

Petra Diamonds Limited (LON:PDL) Ratings Coverage

Out of 18 analysts covering Petra Diamonds Ltd (LON:PDL), 13 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 72% are positive. Petra Diamonds Ltd has been the topic of 129 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Petra Diamonds Limited (LON:PDL) has “Buy” rating given on Monday, February 22 by Canaccord Genuity. The firm earned “Buy” rating on Monday, September 21 by Northland Capital. The company was maintained on Thursday, September 3 by Canaccord Genuity. Investec maintained Petra Diamonds Limited (LON:PDL) rating on Wednesday, August 5. Investec has “Hold” rating and GBX 150 price target. The stock of Petra Diamonds Limited (LON:PDL) has “Neutral” rating given on Tuesday, September 20 by Citigroup. Barclays Capital maintained the shares of PDL in a report on Wednesday, October 21 with “Overweight” rating. On Thursday, February 4 the stock rating was maintained by UBS with “Buy”. The firm earned “Buy” rating on Thursday, November 17 by Panmure Gordon. The stock has “Buy” rating given by Canaccord Genuity on Thursday, January 14. The company was maintained on Tuesday, November 17 by Investec.

More news for Petra Diamonds Limited (LON:PDL) were recently published by: Moodys.com, which released: “Moody’s confirms Petra Diamonds’ B1 ratings; stable outlook” on May 04, 2016. Moodys.com‘s article titled: “Moody’s Assigns provisional (P)B2 Rating to Petra Diamonds Notes” and published on April 24, 2015 is yet another important article.

Petra Diamonds Limited is an independent diamond mining firm and supplier of rough diamonds to the international market. The company has a market cap of 812.61 million GBP. The Company’s divisions include Mining and Exploration. It has a 19.47 P/E ratio. The Mining segment includes the extraction and sale of rough diamonds from mining activities in South Africa and Tanzania.

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