TD Securities Trims Stornoway Diamond (SWY) Target Price to C$0.75

Stornoway Diamond (TSE:SWY) had its price target decreased by analysts at TD Securities from C$0.80 to C$0.75 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 20.97% from the stock’s current price.

Several other brokerages have also issued reports on SWY. Royal Bank of Canada lowered shares of Stornoway Diamond from a “sector perform” rating to an “underperform” rating and cut their target price for the company from C$0.90 to C$0.60 in a research report on Thursday, October 12th. BMO Capital Markets cut 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 research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Stornoway Diamond currently has an average rating of “Hold” and a consensus price target of C$1.00.

Shares of Stornoway Diamond (TSE SWY) opened at C$0.62 on Friday. The stock has a market cap of $517.86, a P/E ratio of 10.33 and a beta of 1.19. Stornoway Diamond has a 12-month low of C$0.60 and a 12-month high of C$0.99.

In other news, Director Patrick Godin purchased 61,500 shares of the stock in a transaction on Monday, November 27th. The shares were acquired at an average price of C$0.70 per share, with a total value of C$43,050.00. Insiders have acquired 91,500 shares of company stock worth $62,450 in the last ninety days.

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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.

Analyst Recommendations for Stornoway Diamond (TSE:SWY)

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