Stingray Digitl (TSE:RAY) Rating Increased to Moderate Buy at Desjardins

Stingray Digitl (TSE:RAY) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on RAY. Canaccord Genuity Group increased their target price on Stingray Digitl from C$20.50 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. National Bank Financial dropped their price objective on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, ATB Cormark Capital Markets set a C$24.00 target price on Stingray Digitl and gave the stock a “buy” rating in a report on Friday, June 19th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$21.75.

Stingray Digitl Stock Performance

Shares of TSE RAY opened at C$14.95 on Monday. The firm’s 50 day moving average price is C$14.95. The firm has a market capitalization of C$1.02 billion, a PE ratio of -35.60 and a beta of 1.16. Stingray Digitl has a 52-week low of C$9.55 and a 52-week high of C$18.00.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported C$0.31 EPS for the quarter.

About Stingray Digitl

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.