Scotiabank Analysts Give Stornoway Diamond Co. (SWY) a C$1.35 Price Target
Stornoway Diamond Co. (TSE:SWY) has been given a C$1.35 price objective by equities researchers at Scotiabank in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 31.07% from the company’s current price.
A number of other research firms also recently commented on SWY. TD Securities restated a “hold” rating and issued a C$1.30 price objective 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 price objective on shares of Stornoway Diamond in a report on Friday, August 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stornoway Diamond currently has a consensus rating of “Buy” and an average target price of C$1.42.
Stornoway Diamond (TSE:SWY) traded down 1.94% during midday trading on Thursday, reaching $1.01. The company had a trading volume of 558,496 shares. Stornoway Diamond has a 12 month low of $0.66 and a 12 month high of $1.33. The firm’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.07. The firm’s market capitalization is $834.80 million.
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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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