Stornoway Diamond’s (SWY) Outperform Rating Reaffirmed at Scotiabank
Scotiabank reiterated their outperform rating on shares of Stornoway Diamond Co. (TSE:SWY) in a research report sent to investors on Friday morning. Scotiabank currently has a C$1.35 price objective on the stock.
A number of other brokerages also recently weighed in on SWY. TD Securities reiterated a hold rating and set a C$1.30 price target on shares of Stornoway Diamond in a report on Wednesday, August 10th. Royal Bank Of Canada restated an outperform rating and issued a C$1.50 target price on shares of Stornoway Diamond in a research note on Friday, August 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of C$1.43.
Shares of Stornoway Diamond (TSE:SWY) remained flat at $1.15 during midday trading on Friday. 1,001,602 shares of the stock traded hands. The company’s 50 day moving average price is $1.12 and its 200 day moving average price is $1.05. The firm’s market cap is $948.60 million. Stornoway Diamond has a 1-year low of $0.65 and a 1-year high of $1.20.
Stornoway Diamond Company Profile
Stornoway Diamond Corporation is a Canada-based diamond exploration and development company. The Company is principally engaged in the acquisition, exploration and development of diamond properties. The Company’s principal focus is its Renard Diamond Project located in north-central Quebec, a project in construction.
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