Stornoway Diamond Co. (SWY) PT Lowered to C$1.25
Stornoway Diamond Co. (TSE:SWY) had its price target reduced by research analysts at TD Securities from C$1.30 to C$1.25 in a report issued on Tuesday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 15.74% from the stock’s current price.
A number of other analysts have also issued reports on SWY. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$1.50 price target on shares of Stornoway Diamond in a research note on Friday, August 26th. Scotiabank reaffirmed an “outperform” rating and issued a C$1.35 price target on shares of Stornoway Diamond in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$1.42.
Stornoway Diamond (TSE:SWY) opened at 1.08 on Tuesday. Stornoway Diamond has a 12 month low of $0.66 and a 12 month high of $1.33. The firm has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.07. The company’s market cap is $890.86 million.
About Stornoway Diamond
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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