Stingray Digitl (TSE:RAY) Given a C$24.00 Price Target by ATB Cormark Capital Markets Analysts

Stingray Digitl (TSE:RAY) has been assigned a C$24.00 target price by investment analysts at ATB Cormark Capital Markets in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 55.54% from the stock’s current price.

RAY has been the topic of a number of other reports. Canaccord Genuity Group boosted their price target on shares of Stingray Digitl from C$20.50 to C$21.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Desjardins raised their target price on shares of Stingray Digitl to C$22.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, National Bank Financial dropped their price objective on Stingray Digitl from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$21.75.

Stingray Digitl Stock Performance

Stingray Digitl stock traded down C$0.80 during trading hours on Friday, hitting C$15.43. The stock had a trading volume of 199,965 shares, compared to its average volume of 58,132. The stock has a market cap of C$1.05 billion, a P/E ratio of -36.74 and a beta of 1.16. The company’s 50-day simple moving average is C$14.92. Stingray Digitl has a fifty-two week low of C$9.55 and a fifty-two week high of C$18.00.

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

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.