Stornoway Diamond (SWY) Price Target Cut to C$0.75

Stornoway Diamond (TSE:SWY) had its price target lowered by stock analysts at TD Securities from C$0.80 to C$0.75 in a report issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 20.97% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Stornoway Diamond from C$1.25 to C$0.80 and set a “market perform” rating for the company in a report on Wednesday, October 25th. Royal Bank of Canada cut shares of Stornoway Diamond from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from C$0.90 to C$0.60 in a report on Thursday, October 12th. One 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. Stornoway Diamond currently has an average rating of “Hold” and an average target price of C$1.00.

Stornoway Diamond (TSE SWY) opened at C$0.62 on Friday. The stock has a market cap of $517.86, a PE ratio of 10.33 and a beta of 1.19. Stornoway Diamond has a twelve month low of C$0.60 and a twelve month high of C$0.99.

In related news, Director Patrick Godin purchased 61,500 shares of Stornoway Diamond stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of C$0.70 per share, for a total transaction of C$43,050.00. Insiders bought 91,500 shares of company stock valued at $62,450 over the last quarter.

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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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