TD Securities Cuts Stornoway Diamond Co. (SWY) Price Target to C$0.85
Stornoway Diamond Co. (TSE:SWY) had its price target reduced by equities research analysts at TD Securities from C$0.90 to C$0.85 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 10.39% from the stock’s current price.
Separately, Royal Bank Of Canada downgraded Stornoway Diamond from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$1.30 to C$0.90 in a research note on Monday, July 10th.
Stornoway Diamond (TSE SWY) traded down 2.60% during mid-day trading on Tuesday, reaching $0.75. The company’s stock had a trading volume of 584,853 shares. The firm has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.82. Stornoway Diamond has a 1-year low of $0.69 and a 1-year high of $1.33. The company has a market capitalization of $621.50 million and a PE ratio of 15.62.
TRADEMARK VIOLATION WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/15/td-securities-cuts-stornoway-diamond-co-swy-price-target-to-c0-85.html.
In other news, Director Patrick Godin sold 250,000 shares of Stornoway Diamond stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of C$0.82, for a total transaction of C$205,000.00.
About Stornoway Diamond
Stornoway Diamond Corporation engages in the mining, acquisition, and exploration of diamond properties in Canada. Its principal project is the Renard diamond project located in north-central Quebec. The company was founded in 1986 and is headquartered in Longueuil, Canada.
Receive News & Ratings for Stornoway Diamond Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stornoway Diamond Co. and related companies with MarketBeat.com's FREE daily email newsletter.