Sanlam Securities Reiterates Buy Rating for Diamondcorp Plc (DCP)
Diamondcorp Plc (LON:DCP)‘s stock had its “buy” rating reiterated by research analysts at Sanlam Securities in a report released on Wednesday, American Banking and Market News reports. They currently have a GBX 15 ($0.25) price target on the stock. Sanlam Securities’ price objective would indicate a potential upside of 131.66% from the stock’s previous close.
Diamondcorp Plc (LON:DCP) traded up 3.60% during mid-day trading on Wednesday, hitting GBX 6.475. The stock had a trading volume of 125,073 shares. Diamondcorp Plc has a 1-year low of GBX 3.00 and a 1-year high of GBX 7.75. The stock’s 50-day moving average is GBX 5.70 and its 200-day moving average is GBX 5.7.
A number of other analysts have also recently weighed in on DCP. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Diamondcorp Plc in a research note on Friday, March 28th. They now have a GBX 19 ($0.32) price target on the stock. Analysts at Northland Capital Partners reiterated a “buy” rating on shares of Diamondcorp Plc in a research note on Friday, March 28th. They now have a GBX 9.90 ($0.17) price target on the stock. Seven investment analysts have rated the stock with a buy rating, Diamondcorp Plc has a consensus rating of “Buy” and an average target price of GBX 238.41 ($4.01).
DiamondCorp plc is a United Kingdom-based diamond producer. The Company’s 74%-owned Lace diamond mine is located 200 kilometers southwest of Johannesburg in the Free State Province of South Africa.
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