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.
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.
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