Stingray Group (TSE:RAY.A) Price Target Raised to C$10.00

Stingray Group (TSE:RAY.A - Get Free Report) had its price target upped by Royal Bank of Canada from C$9.00 to C$10.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's target price would indicate a potential upside of 33.33% from the stock's current price.

RAY.A has been the subject of a number of other research reports. CIBC boosted their target price on shares of Stingray Group from C$8.00 to C$10.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Desjardins boosted their target price on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets upped their price objective on shares of Stingray Group from C$7.00 to C$9.50 in a research note on Thursday, February 8th.

Stingray Group Stock Down 0.1 %

Shares of TSE:RAY.A traded down C$0.01 during trading on Tuesday, hitting C$7.50. The company's stock had a trading volume of 11,959 shares, compared to its average volume of 41,597. The business has a 50 day moving average price of C$7.55 and a two-hundred day moving average price of C$6.36. The company has a market capitalization of C$378.68 million, a PE ratio of 14.25, a P/E/G ratio of 1.13 and a beta of 1.09. The company has a debt-to-equity ratio of 134.69, a quick ratio of 0.69 and a current ratio of 1.13. Stingray Group has a fifty-two week low of C$4.21 and a fifty-two week high of C$8.10.

Stingray Group Company Profile

Stingray Group Inc provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. The company offers Stingray Music, which delivers music products and services on television (TV), Web, and mobile; Stingray Lite TV, a TV channel for pop music videos; Stingray iConcerts, a TV channel and an on-demand video service; Stingray Brava, a TV channel that provides operas and ballets, classical music performances, and local content; Stingray DJAZZ, a TV channel that features jazz concerts, films, portraits, and documentaries; Stingray Ambiance 4K, an ultra-high definition channel; and Stingray Karaoke that offers videos over the Internet and TV for TV service providers, as well as directly to consumers.