Stingray Digitl (TSE:RAY) Given New C$22.00 Price Target at Desjardins

Stingray Digitl (TSE:RAY) had its price objective boosted by analysts at Desjardins to C$22.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 29.79% from the company’s previous close.

A number of other research analysts also recently commented on RAY. Canaccord Genuity Group upped their price objective on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a research note on Friday, June 5th. National Bank Financial lowered their price target on Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Stingray Digitl has a consensus rating of “Buy” and a consensus target price of C$21.00.

Stingray Digitl Price Performance

Shares of Stingray Digitl stock traded up C$2.53 during trading hours on Thursday, reaching C$16.95. 135,759 shares of the company’s stock were exchanged, compared to its average volume of 57,137. Stingray Digitl has a 1 year low of C$9.52 and a 1 year high of C$18.00. The stock has a market capitalization of C$1.15 billion, a P/E ratio of 26.90 and a beta of 1.16. The firm has a fifty day moving average price of C$14.74.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported C$0.31 earnings per share (EPS) for the quarter.

Stingray Digitl Company Profile

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.