Stingray Digitl (TSE:RAY – Get Free Report) had its price objective hoisted by analysts at Desjardins from C$22.00 to C$24.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s target price suggests a potential upside of 33.70% from the company’s current price.
Separately, National Bank Financial boosted their price target on Stingray Digitl from C$20.00 to C$21.50 and gave the company an “outperform” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating. According to MarketBeat.com, Stingray Digitl has an average rating of “Buy” and a consensus price target of C$22.62.
Stingray Digitl Stock Performance
RAY stock traded up C$0.01 during trading on Thursday, hitting C$17.95. The stock had a trading volume of 71,619 shares, compared to its average volume of 47,100. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of -31.49 and a beta of 0.96. The company’s 50 day moving average price is C$15.90 and its two-hundred day moving average price is C$15.35. Stingray Digitl has a 1-year low of C$13.00 and a 1-year high of C$18.25.
Stingray Digitl (TSE:RAY – Get Free Report) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C$0.51 earnings per share for the quarter. The business had revenue of C$171.39 million for the quarter.
About Stingray Digitl
Leveraging our expertise in personal care electrical appliance industry, we aim to promote consumer lifestyles and drive the awareness of personal grooming. Through Pure Beauty, we principally engage in the sourcing and wholesaling of personal care electrical appliances for international brand owners. We also provide product design and development collaboration as a value-added service for our customers. Our customers are brand owners of personal care electrical appliances who market and sell their personal care electrical appliances products to end consumers.
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