Desjardins set a C$11.50 price target on Stingray Group (TSE:RAY.A - Free Report) in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Separately, TD Securities raised their price target on Stingray Group from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on RAY.A
Stingray Group Stock Up 0.1%
Shares of Stingray Group stock traded up C$0.01 during trading hours on Wednesday, reaching C$9.77. 24,443 shares of the company were exchanged, compared to its average volume of 29,645. Stingray Group has a 1 year low of C$6.76 and a 1 year high of C$10.05. The stock's fifty day moving average is C$8.62 and its 200 day moving average is C$8.33. 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 firm has a market cap of C$519.18 million, a PE ratio of -33.69, a PEG ratio of 1.13 and a beta of 1.07.
Stingray Group Company Profile
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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.
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