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Macquarie Reiterates “Outperform” Rating for Firestone Diamonds PLC (FDI)

September 16, 2017 6:30 AM
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Macquarie Reiterates “Outperform” Rating for Firestone Diamonds PLC (FDI)

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 target would indicate a potential upside of 105.13% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. FinnCap reiterated a “buy” rating and set a GBX 61 ($0.79) price target on shares of Firestone Diamonds PLC in a report on Thursday, June 22nd. Investec reiterated a “buy” rating and set a GBX 37 ($0.48) price target on shares of Firestone Diamonds PLC in a report on Wednesday, August 9th. Finally, Panmure Gordon reduced their price target on Firestone Diamonds PLC from GBX 68 ($0.88) to GBX 38 ($0.49) and set a “buy” rating for the company in a report on Monday, September 11th. Five investment analysts have rated the stock with a buy rating, Firestone Diamonds PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 49.60 ($0.64).

Shares of Firestone Diamonds PLC (LON:FDI) opened at 29.25 on Thursday. Firestone Diamonds PLC has a 52-week low of GBX 29.86 and a 52-week high of GBX 58.50. The firm’s market cap is GBX 91.53 million. The company’s 50-day moving average is GBX 32.94 and its 200-day moving average is GBX 42.27.

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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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