Firestone Diamonds PLC (FDI) Earns “Outperform” Rating from Macquarie
Firestone Diamonds PLC (LON:FDI)‘s stock had its “outperform” rating reaffirmed by analysts at Macquarie in a research report issued on Monday. They presently have a GBX 45 ($0.56) price target on the stock. Macquarie’s target price would indicate a potential downside of 19.64% from the stock’s previous close.
Separately, FinnCap raised their price objective on shares of Firestone Diamonds PLC from GBX 51 ($0.63) to GBX 52 ($0.64) and gave the stock a “buy” rating in a research note on Friday, September 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 41 ($0.51).
Firestone Diamonds PLC (LON:FDI) opened at 55.80 on Monday. Firestone Diamonds PLC has a 52-week low of GBX 14.98 and a 52-week high of GBX 57.00. The stock’s market capitalization is GBX 172.46 million. The firm has a 50-day moving average of GBX 47.65 and a 200-day moving average of GBX 36.48.
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In related news, insider Lucio Genovese bought 1,000,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was bought at an average price of GBX 44 ($0.54) per share, for a total transaction of £440,000 ($544,554.46).
About Firestone Diamonds PLC
Firestone Diamonds plc is a United Kingdom-based diamond development company. The Company is focused on its Liqhobong Diamond Mine (Liqhobong), which is located in the Kingdom of Lesotho (Lesotho). The Company’s Liqhobong Diamond Mine is located in the head of the Liqhobong Valley in the Maluti Mountains of northern Lesotho.
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