Stingray Group (TSE:RAY.A - Free Report) had its price objective increased by BMO Capital Markets from C$10.50 to C$11.00 in a report released on Friday,BayStreet.CA reports. They currently have a market perform rating on the stock.
A number of other equities research analysts have also commented on the stock. Royal Bank of Canada increased their price objective on shares of Stingray Group from C$10.00 to C$11.00 in a report on Thursday, November 7th. CIBC raised their price target on Stingray Group from C$10.50 to C$11.00 in a report on Thursday, November 7th.
View Our Latest Stock Analysis on Stingray Group
Stingray Group Stock Performance
Shares of RAY.A traded down C$0.04 during trading hours on Friday, reaching C$8.48. 26,047 shares of the company traded hands, compared to its average volume of 47,828. Stingray Group has a 1-year low of C$6.76 and a 1-year high of C$9.05. The stock has a market cap of C$450.63 million, a P/E ratio of -29.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The stock's fifty day moving average is C$7.74 and its 200 day moving average is C$7.70. The company has a debt-to-equity ratio of 154.45, a quick ratio of 0.69 and a current ratio of 1.05.
Insiders Place Their Bets
In other news, Senior Officer Mario Dubois sold 4,200 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$8.30, for a total transaction of C$34,860.00. Also, Senior Officer Mathieu Péloquin sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$7.97, for a total transaction of C$39,850.00. Insiders sold 22,800 shares of company stock worth $180,088 in the last quarter. 25.46% of the stock is currently owned by corporate insiders.
About Stingray Group
(
Get Free Report)
Stingray Group Inc operates as a music, media, and technology company worldwide. The company provides Stingray Music, a multiplatform music service available on television (TV), the internet, and through smartphones and tablets; Calm Radio, a music site for relaxation; Calm Christian, that offers Christian worship music; Qello Concerts by Stingray, an over-the-top streaming service on TV, mobile, and the web; and Stingray DJAZZ, a TV channel for jazz and jazz-related genres.
Featured Articles
Before you consider Stingray Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stingray Group wasn't on the list.
While Stingray Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
