Canaccord Genuity Group Raises Stingray Digitl (TSE:RAY) Price Target to C$21.00

Stingray Digitl (TSE:RAY) had its target price hoisted by equities researchers at Canaccord Genuity Group from C$20.50 to C$21.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 44.53% from the company’s previous close.

Separately, National Bank Financial reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Stingray Digitl has an average rating of “Buy” and an average price target of C$20.50.

Stingray Digitl Trading Up 1.2%

Stingray Digitl stock traded up C$0.17 during mid-day trading on Friday, reaching C$14.53. 16,485 shares of the company’s stock were exchanged, compared to its average volume of 55,594. The firm has a market capitalization of C$988.55 million, a P/E ratio of 23.06 and a beta of 1.16. Stingray Digitl has a twelve month low of C$8.23 and a twelve month high of C$18.00. The stock’s fifty day simple moving average is C$14.71.

Stingray Digitl Company Profile

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.