Firestone Diamonds PLC (FDI) Receives Outperform Rating from Macquarie
Firestone Diamonds PLC (LON:FDI)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a note issued to investors on Thursday. They currently have a GBX 60 ($0.77) target price on the stock. Macquarie’s price objective indicates a potential upside of 105.13% from the stock’s previous close.
FDI has been the subject of several other research reports. FinnCap reaffirmed a “buy” rating and issued a GBX 61 ($0.79) target price on shares of Firestone Diamonds PLC in a research note on Tuesday. Investec reaffirmed a “buy” rating and issued a GBX 37 ($0.48) target price on shares of Firestone Diamonds PLC in a research note on Wednesday, August 9th. Finally, Panmure Gordon lowered their target price on shares of Firestone Diamonds PLC from GBX 68 ($0.88) to GBX 38 ($0.49) and set a “buy” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of GBX 49.60 ($0.64).
Firestone Diamonds PLC (LON FDI) remained flat at GBX 29.25 during trading on Thursday. The company had a trading volume of 35,207 shares. The stock’s market cap is GBX 91.53 million. Firestone Diamonds PLC has a 12 month low of GBX 29.86 and a 12 month high of GBX 58.50. The stock’s 50 day moving average price is GBX 33.16 and its 200 day moving average price is GBX 42.36.
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About Firestone Diamonds PLC
Firestone Diamonds plc is a United Kingdom-based company, which is engaged in diamond mining, exploration and development in southern Africa. The Company focuses on two principal geographic areas: Lesotho and Botswana. The Company’s segments include Lesotho, Botswana, and United Kingdom and other. The Company has two mines, Liqhobong in Lesotho where construction of the Liqhobong Mine Development Project is nearing completion and BK11 in Botswana, which remains on care and maintenance.
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