Desjardins Increases Stingray Digital Group Inc (RAY.A) Price Target to C$11.00

Stingray Digital Group Inc (TSE:RAY.A) had its target price increased by equities research analysts at Desjardins from C$10.00 to C$11.00 in a report issued on Monday. Desjardins’ price objective points to a potential upside of 20.61% from the stock’s previous close.

A number of other research firms have also recently weighed in on RAY.A. National Bank Financial raised their price objective on shares of Stingray Digital Group from C$10.00 to C$11.00 in a report on Thursday, September 14th. TD Securities raised their price objective on shares of Stingray Digital Group from C$9.00 to C$9.50 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and set a C$11.00 price objective on shares of Stingray Digital Group in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$11.00 price objective on shares of Stingray Digital Group in a report on Wednesday, October 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$10.80.

Stingray Digital Group (TSE RAY.A) opened at C$9.12 on Monday. Stingray Digital Group has a 12 month low of C$7.19 and a 12 month high of C$9.87.

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About Stingray Digital Group

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)

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