Stingray Digitl (TSE:RAY) Stock Price Target Raised at National Bank Financial

Stingray Digitl (TSE:RAY) had its price target hoisted by equities researchers at National Bank Financial from C$20.00 to C$21.50 in a research note issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price target suggests a potential upside of 19.78% from the company’s current price.

Stingray Digitl Price Performance

Shares of TSE:RAY traded up C$0.01 during midday trading on Thursday, reaching C$17.95. 71,619 shares of the company’s stock were exchanged, compared to its average volume of 47,100. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of -31.49 and a beta of 0.96. Stingray Digitl has a fifty-two week low of C$13.00 and a fifty-two week high of C$18.25. The firm’s 50 day simple moving average is C$15.90 and its two-hundred day simple moving average is C$15.35.

Stingray Digitl (TSE:RAY) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.51 earnings per share for the quarter. The firm had revenue of C$171.39 million during 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.