Stingray Group (TSE:RAY.A) Price Target Raised to C$11.00

Stingray Group (TSE:RAY.A) had its target price boosted by BMO Capital Markets from C$10.50 to C$11.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. CIBC lifted their target price on Stingray Group from C$10.50 to C$11.00 in a research note on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Stingray Group from C$10.00 to C$11.00 in a research report on Thursday, November 7th.

Stingray Group Price Performance

Stingray Group stock opened at C$8.55 on Friday. The company has a market capitalization of C$454.35 million, a PE ratio of -29.48, a P/E/G ratio of 1.13 and a beta of 1.07. The company has a current ratio of 1.05, a quick ratio of 0.69 and a debt-to-equity ratio of 154.45. The stock has a 50-day moving average price of C$7.73 and a two-hundred day moving average price of C$7.69. Stingray Group has a 12 month low of C$6.76 and a 12 month high of C$9.05.

Insider Activity at Stingray Group

In other news, Senior Officer Ratha Khuong sold 5,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$8.11, for a total value of C$40,569.00. Also, Senior Officer Lloyd Perry Feldman sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of C$7.50, for a total transaction of C$60,008.00. Insiders sold a total of 22,800 shares of company stock valued at $180,088 in the last 90 days. Corporate insiders own 25.46% of the company’s stock.

Stingray Group Company Profile

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.