Stornoway Diamond Co. (SWY) Receives “Outperform” Rating from Scotiabank
Stornoway Diamond Co. (TSE:SWY)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$1.35 price target on the stock. Scotiabank’s price target suggests a potential upside of 17.39% from the company’s current price.
Several other equities analysts have also issued reports on SWY. TD Securities restated a “hold” rating and set a C$1.30 price target on shares of Stornoway Diamond in a research report on Wednesday, August 10th. Royal Bank Of Canada restated an “outperform” rating and set a C$1.50 price target on shares of Stornoway Diamond in a research report on Friday, August 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$1.43.
Stornoway Diamond (TSE:SWY) traded down 2.61% during midday trading on Friday, hitting $1.12. The stock had a trading volume of 661,891 shares. The company’s market cap is $923.85 million. Stornoway Diamond has a 12 month low of $0.65 and a 12 month high of $1.20. The firm’s 50-day moving average price is $1.12 and its 200 day moving average price is $1.05.
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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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