Stingray Group (TSE:RAY.A) Price Target Raised to C$10.50 at CIBC

Stingray Group (TSE:RAY.A) had its target price hoisted by CIBC from C$10.00 to C$10.50 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

RAY.A has been the subject of several other research reports. Royal Bank of Canada boosted their price target on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. BMO Capital Markets boosted their price target on shares of Stingray Group from C$7.00 to C$9.50 in a report on Thursday, February 8th. Finally, Desjardins boosted their price target on shares of Stingray Group from C$9.00 to C$10.00 and gave the stock a buy rating in a report on Thursday, February 8th.

Stingray Group Price Performance

Shares of TSE RAY.A opened at C$7.63 on Thursday. The firm has a market cap of C$385.24 million, a PE ratio of 14.40, a PEG ratio of 1.13 and a beta of 1.11. The firm has a fifty day moving average of C$7.55 and a 200 day moving average of C$6.90. 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 one year low of C$4.21 and a one year 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.