Stingray Group (TSE:RAY.A) Given a C$11.50 Price Target by Desjardins Analysts

Desjardins set a C$11.50 price target on Stingray Group (TSE:RAY.A) in a research report report published on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities increased their target price on shares of Stingray Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th.

Stingray Group Trading Up 0.1%

Shares of RAY.A stock opened at C$9.77 on Wednesday. The company has a debt-to-equity ratio of 154.45, a current ratio of 1.05 and a quick ratio of 0.69. The firm has a market cap of C$519.18 million, a PE ratio of -33.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The company has a 50-day moving average of C$8.62 and a two-hundred day moving average of C$8.33. Stingray Group has a 1-year low of C$6.76 and a 1-year high of C$10.05.

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.