Stingray Digitl (TSE:RAY) Price Target Raised to C$21.00 at Canaccord Genuity Group

Stingray Digitl (TSE:RAY) had its price target upped by Canaccord Genuity Group from C$20.50 to C$21.00 in a research report report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bank Financial lowered their target price on shares of Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, Stingray Digitl presently has an average rating of “Buy” and an average price target of C$20.50.

Stingray Digitl Stock Performance

RAY opened at C$14.70 on Friday. Stingray Digitl has a fifty-two week low of C$8.23 and a fifty-two week high of C$18.00. The company’s fifty day moving average price is C$14.71. The stock has a market cap of C$1.00 billion, a PE ratio of 23.33 and a beta of 1.16.

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.