Stingray Group (TSE:RAY.A) Price Target Raised to C$13.50

Stingray Group (TSE:RAY.A - Free Report) had its price objective raised by CIBC from C$11.50 to C$13.50 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on RAY.A. Desjardins set a C$11.50 price objective on shares of Stingray Group and gave the company a "buy" rating in a research report on Wednesday. TD Securities increased their price objective on shares of Stingray Group from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th.

Stingray Group Trading Up 0.1%

Shares of TSE RAY.A traded up C$0.01 during midday trading on Thursday, hitting C$9.77. 24,443 shares of the company traded hands, compared to its average volume of 29,645. Stingray Group has a 12-month low of C$6.76 and a 12-month high of C$10.05. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05. The stock has a 50-day moving average price of C$8.62 and a 200 day moving average price of C$8.34. The firm has a market cap of C$519.18 million, a P/E ratio of -33.69, a P/E/G ratio of 1.13 and a beta of 1.07.

Stingray Group Company Profile

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment.