Stingray Group (TSE:RAY.A) Given New C$8.50 Price Target at National Bank Financial
Stingray Group (TSE:RAY.A) had its price target raised by National Bank Financial from C$8.00 to C$8.50 in a research report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other equities research analysts also recently issued reports about the stock. CIBC dropped their price target on shares of Stingray Group from C$9.00 to C$8.00 in a research report on Friday, June 7th. Canaccord Genuity reiterated a buy rating and issued a C$10.00 price target on shares of Stingray Group in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets dropped their price target on shares of Stingray Group from C$11.00 to C$9.00 and set an outperform rating for the company in a research report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$9.17.
Shares of TSE:RAY.A opened at C$7.25 on Thursday. Stingray Group has a 12-month low of C$5.51 and a 12-month high of C$7.62. The company has a market capitalization of $401.57 million and a PE ratio of -118.85. The stock’s 50 day moving average price is C$6.40. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 131.16.
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.
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