Stornoway Diamond Co. (SWY) PT Lowered to C$0.90
Stornoway Diamond Co. (TSE:SWY) had its price objective decreased by TD Securities from C$0.95 to C$0.90 in a note issued to investors on Thursday. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 8.43% from the stock’s previous close.
SWY has been the topic of several other reports. Desjardins restated a “buy” rating and set a C$1.25 price target on shares of Stornoway Diamond in a research report on Wednesday, February 8th. Scotiabank reiterated an “outperform” rating and issued a C$1.30 price objective on shares of Stornoway Diamond in a research report on Tuesday, February 7th. Finally, National Bank Financial cut their price objective on Stornoway Diamond from C$1.40 to C$1.30 in a research report on Wednesday, February 8th.
Stornoway Diamond (TSE:SWY) traded down 1.20% on Thursday, reaching $0.82. The company’s stock had a trading volume of 213,738 shares. Stornoway Diamond has a 52-week low of $0.80 and a 52-week high of $1.33. The stock’s 50 day moving average price is $0.84 and its 200 day moving average price is $0.93. The firm has a market cap of $679.33 million and a PE ratio of 32.80.
Stornoway Diamond Company Profile
Stornoway Diamond Corp 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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