Stingray Group (TSE:RAY.A) Given a C$9.00 Price Target by Desjardins Analysts

Desjardins set a C$9.00 price objective on Stingray Group (TSE:RAY.AFree Report) in a report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group upped their price target on Stingray Group from C$8.00 to C$8.50 in a research report on Thursday, June 8th. BMO Capital Markets decreased their price objective on Stingray Group from C$8.00 to C$7.00 in a report on Thursday, June 8th. Finally, CIBC upped their price objective on Stingray Group from C$7.50 to C$8.00 in a report on Thursday, August 10th.

Read Our Latest Stock Analysis on RAY.A

Stingray Group Price Performance

RAY.A stock opened at C$5.26 on Wednesday. The company has a debt-to-equity ratio of 142.75, a current ratio of 1.10 and a quick ratio of 0.69. The business has a 50 day simple moving average of C$5.13 and a 200-day simple moving average of C$5.50. The firm has a market capitalization of C$268.15 million, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. Stingray Group has a 1 year low of C$4.10 and a 1 year high of C$6.14.

Stingray Group Company Profile

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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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