Stingray Digital Group Inc (TSE:RAY.A) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Stingray Digital Group Inc (TSE:RAY.A) in a research note issued to investors on Wednesday, October 25th. They currently have a C$11.00 target price on the stock.

Several other brokerages have also recently commented on RAY.A. TD Securities upped their target price on Stingray Digital Group from C$9.00 to C$9.50 and gave the company a buy rating in a report on Thursday, August 3rd. National Bank Financial upped their target price on Stingray Digital Group from C$10.00 to C$11.00 in a report on Thursday, September 14th. Finally, Desjardins reduced their target price on Stingray Digital Group from C$10.00 to C$9.25 in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Stingray Digital Group currently has a consensus rating of Buy and an average price target of C$10.45.

Stingray Digital Group (RAY.A) traded up C$0.01 during trading on Wednesday, hitting C$9.05. The stock had a trading volume of 44,120 shares, compared to its average volume of 45,855. Stingray Digital Group has a one year low of C$7.19 and a one year high of C$9.87.

ILLEGAL ACTIVITY WARNING: “Stingray Digital Group Inc (TSE:RAY.A) Earns “Outperform” Rating from Royal Bank of Canada” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://stocknewstimes.com/2017/11/11/royal-bank-of-canada-reiterates-outperform-rating-for-stingray-digital-group-inc-ray-a.html.

Stingray Digital Group Company Profile

Stingray Digital Group Inc is a business-to-business (B2B) music products, services and content provider. The Company broadcasts music and video content on various platforms, including digital television, satellite television, Internet Protocol television (IPTV), the Internet, mobile devices and game consoles.

Analyst Recommendations for Stingray Digital Group (TSE:RAY.A)

Receive News & Ratings for Stingray Digital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stingray Digital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply