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Stock analysts at Raymond James assumed coverage on shares of Baylin Technologies (TSE:BYL) in a report issued on Monday, American Banking reports. The firm set an “outperform” rating and a C$9.00 price target on the stock. Raymond James’ price objective would suggest a potential upside of 22.78% from the stock’s previous close.

Shares of Baylin Technologies (TSE:BYL) traded up 0.69% on Monday, hitting $7.33. 81,290 shares of the company’s stock traded hands. Baylin Technologies has a one year low of $7.00 and a one year high of $8.35. The stock’s 50-day moving average is $0.73 and its 200-day moving average is $0.73. The company’s market cap is $137.3 million.

Separately, analysts at Paradigm Capital initiated coverage on shares of Baylin Technologies in a research note to investors on Monday, January 13th. They set a “buy” rating and a C$13.00 price target on the stock.

Baylin Technologies Inc is engaged in designing, producing and supplying antennas. The Company’s sectors include mobile and broadband devices and wireless infrastructure.

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