Stornoway Diamond Co. (SWY) Receives Outperform Rating from Scotiabank
Stornoway Diamond Co. (TSE:SWY)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a report issued on Friday, StockTargetPrices.com reports. They presently have a C$1.35 price target on the stock. Scotiabank’s price objective indicates a potential upside of 17.39% from the stock’s previous close.
A number of other research firms have also recently commented on SWY. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$1.50 target price on shares of Stornoway Diamond in a research note on Friday, August 26th. TD Securities reaffirmed a “hold” rating and set a C$1.30 target price on shares of Stornoway Diamond in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$1.43.
Stornoway Diamond (TSE:SWY) traded down 2.61% on Friday, hitting $1.12. The stock had a trading volume of 661,891 shares. The stock’s 50-day moving average is $1.12 and its 200 day moving average is $1.05. Stornoway Diamond has a 1-year low of $0.65 and a 1-year high of $1.20. The firm’s market capitalization is $923.85 million.
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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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