National Bank Financial Increases Stingray Digital Group (RAY.A) Price Target to C$12.00
Stingray Digital Group (TSE:RAY.A) had its price objective increased by National Bank Financial from C$11.00 to C$12.00 in a research note published on Wednesday morning. National Bank Financial currently has an outperform rating on the stock.
A number of other brokerages have also recently weighed in on RAY.A. Desjardins raised their price objective on shares of Stingray Digital Group from C$10.00 to C$11.00 in a research note on Monday, November 13th. BMO Capital Markets reissued an outperform rating and set a C$11.00 price objective on shares of Stingray Digital Group in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a C$11.00 target price on shares of Stingray Digital Group in a research note on Wednesday, October 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average price target of C$11.00.
Shares of Stingray Digital Group (TSE RAY.A) traded down C$0.08 on Wednesday, hitting C$10.01. 15,069 shares of the stock were exchanged, compared to its average volume of 32,064. Stingray Digital Group has a fifty-two week low of C$7.19 and a fifty-two week high of C$10.50. The stock has a market cap of $400.26 and a PE ratio of 125.13.
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Stingray Digital Group Inc is a business-to-business (B2B) music products, services and content provider. The Company broadcasts music and video content on various platforms, including digital television, satellite television, Internet Protocol television (IPTV), the Internet, mobile devices and game consoles.
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