BMO Capital Markets Lowers Stornoway Diamond Co. (SWY) Price Target to C$0.80

Stornoway Diamond Co. (TSE:SWY) had its price objective decreased by BMO Capital Markets from C$1.25 to C$0.80 in a report issued on Wednesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 25.00% from the company’s previous close.

A number of other research firms have also commented on SWY. TD Securities dropped their price target on shares of Stornoway Diamond from C$0.90 to C$0.85 and set a “hold” rating on the stock in a research report on Tuesday, August 15th. Royal Bank Of Canada lowered shares of Stornoway Diamond from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from C$0.90 to C$0.60 in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$1.02.

Shares of Stornoway Diamond (TSE SWY) opened at 0.64 on Wednesday. Stornoway Diamond has a 1-year low of $0.62 and a 1-year high of $1.25. The firm’s 50-day moving average is $0.75 and its 200 day moving average is $0.79. The stock has a market capitalization of $530.81 million and a P/E ratio of 15.61.

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About Stornoway Diamond

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.

Analyst Recommendations for Stornoway Diamond (TSE:SWY)

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