What’s Firestone Diamonds PLC Upside After Reaching 52-Week High?

 What's Firestone Diamonds PLC Upside After Reaching 52 Week High?

The stock of Firestone Diamonds PLC (LON:FDI) hit a new 52-week high and has GBX 78.20 target or 39.00% above today’s GBX 56.26 share price. The 8 months bullish chart indicates low risk for the GBX 174.31M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 78.20 price target is reached, the company will be worth GBX 67.98M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.86% or GBX 0.49 on November 11, hitting GBX 56.26. About 364,964 shares traded hands. Firestone Diamonds PLC (LON:FDI) has risen 88.33% since April 14, 2016 and is uptrending. It has outperformed by 82.19% the S&P500.

Firestone Diamonds PLC (LON:FDI) Ratings Coverage

Out of 5 analysts covering Firestone Diamonds PLC (LON:FDI), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Firestone Diamonds PLC has been the topic of 29 analyst reports since September 2, 2015 according to StockzIntelligence Inc. As per Wednesday, July 20, the company rating was maintained by FinnCap. The company was maintained on Monday, August 22 by Macquarie Research. The firm earned “Outperform” rating on Monday, October 17 by Macquarie Research. The rating was maintained by Panmure Gordon on Wednesday, March 16 with “Buy”. The rating was maintained by SP Angel with “Buy” on Monday, January 25. FinnCap maintained Firestone Diamonds PLC (LON:FDI) rating on Friday, October 21. FinnCap has “Buy” rating and GBX 63 price target. The stock has “Buy” rating given by FinnCap on Thursday, April 14. The rating was maintained by Macquarie Research on Monday, November 23 with “Neutral”. The firm has “Buy” rating by FinnCap given on Wednesday, September 2. Macquarie Research upgraded the shares of FDI in a report on Tuesday, July 12 to “Outperform” rating.

Firestone Diamonds plc is a United Kingdom diamond development company. The company has a market cap of 174.31 million GBP. The Firm is focused on its Liqhobong Diamond Mine , which is located in the Kingdom of Lesotho (Lesotho). It has a 28.63 P/E ratio. The Company’s Liqhobong Diamond Mine is located in the head of the Liqhobong Valley in the Maluti Mountains of northern Lesotho.

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