Firestone Diamonds PLC (FDI) Given Consensus Rating of “Buy” by Analysts

Shares of Firestone Diamonds PLC (LON:FDI) have received an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 37.25 ($0.50).

Several equities analysts recently weighed in on FDI shares. FinnCap reissued an “under review” rating on shares of Firestone Diamonds in a research report on Monday, October 23rd. Panmure Gordon cut their price objective on Firestone Diamonds from GBX 68 ($0.91) to GBX 38 ($0.51) and set a “buy” rating for the company in a research report on Monday, September 11th. Macquarie reissued an “outperform” rating and set a GBX 60 ($0.80) price objective on shares of Firestone Diamonds in a research report on Thursday, September 14th. Finally, Royal Bank of Canada cut Firestone Diamonds to a “sector performer” rating and cut their price objective for the stock from GBX 46 ($0.62) to GBX 19 ($0.25) in a research report on Thursday, October 12th.

Firestone Diamonds (FDI) opened at GBX 9.60 ($0.13) on Friday. Firestone Diamonds has a 12-month low of GBX 9.20 ($0.12) and a 12-month high of GBX 55 ($0.74). The firm has a market capitalization of $11.21 and a PE ratio of -35.56.

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About Firestone Diamonds

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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