Desjardins Upgrades Stingray Digitl (TSE:RAY) to “Moderate Buy”

Stingray Digitl (TSE:RAY) was upgraded by Desjardins to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on RAY. National Bank Financial cut their target price on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. ATB Cormark Capital Markets set a C$24.00 price objective on Stingray Digitl and gave the stock a “buy” rating in a report on Friday, June 19th. Finally, Canaccord Genuity Group increased their target price on Stingray Digitl from C$20.50 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$21.75.

Stingray Digitl Price Performance

Shares of TSE:RAY opened at C$14.95 on Monday. The firm has a 50-day moving average price of C$14.95. The firm has a market cap of C$1.02 billion, a P/E ratio of -35.60 and a beta of 1.16. Stingray Digitl has a 52-week low of C$9.55 and a 52-week high of C$18.00.

Stingray Digitl (TSE:RAY) last released its quarterly earnings data on Tuesday, June 9th. The company reported C$0.31 earnings per share (EPS) for the quarter.

Stingray Digitl Company Profile

Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.