Scotiabank Reiterates Outperform Rating for Stornoway Diamond Co. (SWY)
Stornoway Diamond Co. (TSE:SWY)‘s stock had its “outperform” rating restated by analysts at Scotiabank in a research report issued on Friday. They currently have a C$1.35 price objective on the stock. Scotiabank’s price target indicates a potential upside of 17.39% from the stock’s previous close.
Several other research firms have also issued reports on SWY. Royal Bank Of Canada reissued an “outperform” rating and issued a C$1.50 price target on shares of Stornoway Diamond in a research report on Friday, August 26th. TD Securities reissued a “hold” rating and issued a C$1.30 price target on shares of Stornoway Diamond in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$1.43.
Shares of Stornoway Diamond (TSE:SWY) opened at 1.15 on Friday. Stornoway Diamond has a one year low of $0.65 and a one year high of $1.20. The company’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.05. The company’s market cap is $948.60 million.
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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