Desjardins set a C$11.50 price objective on Stingray Group (TSE:RAY.A - Free Report) in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, TD Securities boosted their price target on Stingray Group from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th.
Read Our Latest Stock Report on Stingray Group
Stingray Group Stock Up 1.4%
Shares of TSE:RAY.A traded up C$0.14 during midday trading on Wednesday, reaching C$9.90. The company's stock had a trading volume of 16,325 shares, compared to its average volume of 29,530. The company has a quick ratio of 0.69, a current ratio of 1.05 and a debt-to-equity ratio of 154.45. The firm has a 50 day moving average of C$8.58 and a 200-day moving average of C$8.32. The firm has a market capitalization of C$526.09 million, a P/E ratio of -34.14, a PEG ratio of 1.13 and a beta of 1.07. Stingray Group has a 12-month low of C$6.76 and a 12-month high of C$10.05.
Stingray Group Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Stingray Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stingray Group wasn't on the list.
While Stingray Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
