Stingray Digitl (TSE:RAY) Price Target Raised to C$24.00

Stingray Digitl (TSE:RAY) had its target price boosted by Desjardins from C$22.00 to C$24.00 in a report published on Thursday morning,BayStreet reports. They currently have a buy rating on the stock.

Separately, National Bank Financial upped their price target on shares of Stingray Digitl from C$20.00 to C$21.50 and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$22.62.

Stingray Digitl Trading Down 3.2%

Shares of Stingray Digitl stock traded down C$0.57 on Thursday, reaching C$17.43. 44,026 shares of the company were exchanged, compared to its average volume of 47,183. Stingray Digitl has a one year low of C$13.00 and a one year high of C$18.25. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of -34.18 and a beta of 0.96. The company has a 50-day moving average of C$15.97 and a 200 day moving average of C$15.37.

Stingray Digitl (TSE:RAY) last released its quarterly earnings data on Tuesday, November 10th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$171.39 million during 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.